| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $231M | $221M | $192M | 4.5% | 20.4% |
| Op. Income | $50M | $47M | $37M | 7.2% | 35.5% |
| Gross Margin | 52.3% | 52.4% | 52.9% | -0.1pp | -0.6pp |
| Net Margin | 17.2% | 17.6% | 16.1% | -0.4pp | 1.1pp |
| EPS (Diluted) | $0.63 | $0.62 | $0.49 | 1.6% | 28.6% |
| Free Cash Flow | $40M | $58M | $52M | -31.9% | -23.3% |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $121M |
| R&D Expenses | $32M |
| Selling & Marketing | $19M |
| General & Administrative | $20M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $181M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $1M |
| EBIT | $50M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $121M |
| R&D Expenses | $32M |
| Selling & Marketing | $19M |
| General & Administrative | $20M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $181M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $1M |
| EBIT | $50M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $416.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$67M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$67M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153M |
| Short-Term Investments | $0 |
| Net Receivables | $178M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $360M |
| PP&E (Net) | $28M |
| Goodwill | $62M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $48M |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $167M |
| TOTAL ASSETS | $527M |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $227M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $331M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $356M |
| Common Stock | $617.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $197M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $171M |
| Minority Interest | $0 |
| TOTAL EQUITY | $171M |
| TOTAL LIABILITIES & EQUITY | $527M |
| Total Debt | $12M |
| Net Debt | -$141M |
