| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $339M | $341M | $290M | -0.8% | 16.9% |
| Op. Income | $20M | $21M | $42M | -5.0% | -51.7% |
| Gross Margin | 10.8% | 11.0% | 21.2% | -0.2pp | -10.3pp |
| Net Margin | 4.7% | 4.9% | 11.2% | -0.2pp | -6.5pp |
| EPS (Diluted) | $0.35 | $0.36 | $0.71 | -2.8% | -50.7% |
| Free Cash Flow | -$351.0K | -$34M | $26M | 99.0% | -101.3% |
| Item | Amount |
|---|---|
| REVENUE | $339M |
| Cost of Revenue | $302M |
| GROSS PROFIT | $37M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $319M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$201.0K |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $4M |
| EBIT | $20M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $339M |
| Cost of Revenue | $302M |
| GROSS PROFIT | $37M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $319M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$201.0K |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $4M |
| EBIT | $20M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $839.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$839.0K |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$61M |
| NET CASH FROM FINANCING | -$61M |
| FREE CASH FLOW | -$351.0K |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $0 |
| Net Receivables | $340M |
| Inventory | $108M |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $652M |
| PP&E (Net) | $7M |
| Goodwill | $265M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $293M |
| TOTAL ASSETS | $945M |
| Account Payables | $247M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $160M |
| TOTAL CURRENT LIABILITIES | $438M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $481M |
| Common Stock | $464M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $464M |
| Minority Interest | $0 |
| TOTAL EQUITY | $464M |
| TOTAL LIABILITIES & EQUITY | $945M |
| Total Debt | $0 |
| Net Debt | -$130M |
