| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $166M | $176M | $200M | -5.6% | -16.9% |
| Op. Income | $27M | $25M | $18M | 10.8% | 48.7% |
| Gross Margin | 32.6% | 30.1% | 21.5% | 2.5pp | 11.2pp |
| Net Margin | 10.9% | 10.3% | 7.3% | 0.5pp | 3.6pp |
| EPS (Diluted) | $1.63 | $1.65 | $1.32 | -1.2% | 23.5% |
| Free Cash Flow | -$219.0K | $884.0K | -$16M | -124.8% | 98.6% |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $54M |
| R&D Expenses | $5M |
| Selling & Marketing | $9M |
| General & Administrative | $14M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $27M |
| Interest Income | $490.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $5M |
| EBIT | $27M |
| EBITDA | $32M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $54M |
| R&D Expenses | $5M |
| Selling & Marketing | $9M |
| General & Administrative | $14M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $27M |
| Interest Income | $490.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $5M |
| EBIT | $27M |
| EBITDA | $32M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$830.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$55.0K |
| Common Stock Repurchased | -$140.0K |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $140.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$219.0K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $9M |
| Net Receivables | $167M |
| Inventory | $179M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $480M |
| PP&E (Net) | $112M |
| Goodwill | $67M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $10M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $229M |
| TOTAL ASSETS | $709M |
| Account Payables | $53M |
| Short-Term Debt | $224.0K |
| Deferred Revenue | $18M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $115M |
| Deferred Revenue NC | $702.0K |
| Deferred Tax Liabilities | $702.0K |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $154M |
| TOTAL LIABILITIES | $287M |
| Common Stock | $19M |
| Additional Paid-In Capital | $95M |
| Retained Earnings | $608M |
| Treasury Stock | -$277M |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $422M |
| Minority Interest | $0 |
| TOTAL EQUITY | $422M |
| TOTAL LIABILITIES & EQUITY | $709M |
| Total Debt | $137M |
| Net Debt | $40M |
