| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $159M | $136M | 9.4% | 27.5% |
| Op. Income | $44M | $44M | $43M | -1.0% | 0.6% |
| Gross Margin | 74.4% | 82.7% | 91.4% | -8.3pp | -17.0pp |
| Net Margin | 19.1% | 21.2% | 24.6% | -2.2pp | -5.5pp |
| EPS (Diluted) | $0.26 | $0.26 | $0.26 | 0.0% | 0.0% |
| Free Cash Flow | $20M | $30M | $49M | -32.2% | -58.9% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $129M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $50M |
| SG&A Expenses | $53M |
| Other Expenses | $33M |
| Operating Expenses | $85M |
| Cost & Expenses | $130M |
| OPERATING INCOME | $44M |
| Interest Income | $143M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $7M |
| EBIT | $44M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $129M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $50M |
| SG&A Expenses | $53M |
| Other Expenses | $33M |
| Operating Expenses | $85M |
| Cost & Expenses | $130M |
| OPERATING INCOME | $44M |
| Interest Income | $143M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $7M |
| EBIT | $44M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $148M |
| Other Investing Activities | -$165M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | -$56M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $132M |
| NET CASH FROM FINANCING | $51M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $1.1B |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $140M |
| Goodwill | $381M |
| Intangible Assets | $7M |
| Long-Term Investments | $12.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $530M |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $14.3B |
| Account Payables | $5M |
| Short-Term Debt | $632M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.7B |
| TOTAL CURRENT LIABILITIES | $12.3B |
| Long-Term Debt | $243M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $237M |
| TOTAL NON-CURRENT LIABILITIES | $480M |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $657M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$169M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $14.3B |
| Total Debt | $876M |
| Net Debt | $748M |
