| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | $180M | $165M | -5.9% | 2.6% |
| Op. Income | $36M | $39M | $33M | -6.9% | 10.2% |
| Gross Margin | 57.2% | 58.0% | 59.9% | -0.8pp | -2.7pp |
| Net Margin | 15.2% | 16.4% | 17.9% | -1.2pp | -2.7pp |
| EPS (Diluted) | $0.36 | $0.41 | $0.42 | -12.2% | -14.3% |
| Free Cash Flow | $26M | $29M | $35M | -7.6% | -25.2% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $97M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $134M |
| OPERATING INCOME | $36M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $13M |
| EBIT | $41M |
| EBITDA | $53M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $97M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $134M |
| OPERATING INCOME | $36M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $13M |
| EBIT | $41M |
| EBITDA | $53M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$51M |
| Purchases of Investments | -$83M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$313.0K |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $137M |
| Short-Term Investments | $441M |
| Net Receivables | $122M |
| Inventory | $132M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $848M |
| PP&E (Net) | $123M |
| Goodwill | $325M |
| Intangible Assets | -$324M |
| Long-Term Investments | $0 |
| Tax Assets | $218M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $378M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $91M |
| Long-Term Debt | $567M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $632M |
| TOTAL LIABILITIES | $723M |
| Common Stock | $71.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$299M |
| Treasury Stock | -$330.0K |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $894M |
| Minority Interest | $0 |
| TOTAL EQUITY | $894M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $598M |
| Net Debt | $462M |
