| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $166M | $139M | -17.4% | -0.9% |
| Op. Income | $10M | $32M | $43M | -68.5% | -76.5% |
| Gross Margin | 27.8% | 33.5% | 44.7% | -5.7pp | -16.9pp |
| Net Margin | 5.5% | 15.2% | 24.0% | -9.7pp | -18.5pp |
| EPS (Diluted) | $0.10 | $0.34 | $0.44 | -70.2% | -77.0% |
| Free Cash Flow | $4M | -$2M | -$2M | 271.5% | 275.6% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $14M |
| Operating Expenses | $28M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$23.0K |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $14M |
| EBIT | $13M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $14M |
| Operating Expenses | $28M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$23.0K |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $14M |
| EBIT | $13M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $449.0K |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $67M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $178M |
| PP&E (Net) | $475M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $483M |
| TOTAL ASSETS | $660M |
| Account Payables | $50M |
| Short-Term Debt | $45M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $875.0K |
| TOTAL CURRENT LIABILITIES | $142M |
| Long-Term Debt | $97M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $42M |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $181M |
| TOTAL LIABILITIES | $323M |
| Common Stock | $527.0K |
| Additional Paid-In Capital | $273M |
| Retained Earnings | $64M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $337M |
| Minority Interest | $0 |
| TOTAL EQUITY | $337M |
| TOTAL LIABILITIES & EQUITY | $660M |
| Total Debt | $158M |
| Net Debt | $124M |
