| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $196M | $245M | $267M | -20.0% | -26.7% |
| Op. Income | $17M | $18M | $21M | -1.0% | -19.4% |
| Gross Margin | 43.9% | 37.5% | 35.7% | 6.3pp | 8.2pp |
| Net Margin | 0.6% | -2.1% | 2.5% | 2.6pp | -1.9pp |
| EPS (Diluted) | $0.03 | $-0.13 | $0.17 | 120.9% | -84.0% |
| Free Cash Flow | $40M | $42M | -$4M | -4.1% | 1021.5% |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $60M |
| Operating Expenses | $69M |
| Cost & Expenses | $178M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $996.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $13M |
| EBIT | $17M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $60M |
| Operating Expenses | $69M |
| Cost & Expenses | $178M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $996.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $13M |
| EBIT | $17M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $38.0K |
| Deferred Income Tax | $690.0K |
| Other Non-Cash Items | $687.0K |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $737.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$432.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$199.0K |
| Other Financing Activities | -$616.0K |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57.0K |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $51M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $117M |
| PP&E (Net) | $355M |
| Goodwill | $17M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $386M |
| TOTAL ASSETS | $503M |
| Account Payables | $48M |
| Short-Term Debt | $0 |
| Deferred Revenue | -$12M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $436M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $478M |
| TOTAL LIABILITIES | $567M |
| Common Stock | -$65M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$65M |
| Minority Interest | $2M |
| TOTAL EQUITY | -$64M |
| TOTAL LIABILITIES & EQUITY | $503M |
| Total Debt | $482M |
| Net Debt | $482M |
