| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $132M | $131M | 73.8% | 76.2% |
| Op. Income | -$8M | $6M | $12M | -226.3% | -161.4% |
| Gross Margin | 48.9% | 47.0% | 46.4% | 1.9pp | 2.5pp |
| Net Margin | -18.2% | 3.9% | 8.3% | -22.1pp | -26.5pp |
| EPS (Diluted) | $-0.19 | $0.05 | $0.10 | -480.0% | -290.0% |
| Free Cash Flow | -$31M | -$27M | $14M | -13.6% | -321.7% |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $113M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $120M |
| Cost & Expenses | $238M |
| OPERATING INCOME | -$8M |
| Interest Income | $553.0K |
| Interest Expense | $21M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $27M |
| EBIT | -$14M |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$544.0K |
| Other Non-Cash Items | $543.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$37M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | $78M |
| NET CASH FROM INVESTING | $93M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$79M |
| NET CASH FROM FINANCING | -$79M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $176M |
| Net Receivables | $143M |
| Inventory | $136M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $643M |
| PP&E (Net) | $152M |
| Goodwill | $2.1B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $79M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $924M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $364M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $35M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $551M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $924M |
| Net Debt | $824M |
