| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $467M | $403M | $339M | 15.9% | 37.9% |
| Op. Income | $39M | $30M | $20M | 32.6% | 96.6% |
| Gross Margin | 13.8% | 12.4% | 10.8% | 1.4pp | 3.0pp |
| Net Margin | 5.8% | 6.0% | 4.7% | -0.2pp | 1.1pp |
| EPS (Diluted) | $0.65 | $0.58 | $0.35 | 12.1% | 85.7% |
| Free Cash Flow | $49M | $2M | -$351.0K | 1959.9% | 13991.5% |
| Item | Amount |
|---|---|
| REVENUE | $467M |
| Cost of Revenue | $403M |
| GROSS PROFIT | $65M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $428M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $1M |
| EBIT | $39M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $467M |
| Cost of Revenue | $403M |
| GROSS PROFIT | $65M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $428M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $1M |
| EBIT | $39M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $845.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$845.0K |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$908.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $24.0K |
| NET CASH FROM INVESTING | -$884.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $38M |
| Net Receivables | $565M |
| Inventory | $240M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $985M |
| PP&E (Net) | $8M |
| Goodwill | $265M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $302M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $356M |
| Short-Term Debt | $0 |
| Deferred Revenue | $170M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $652M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $529M |
| TOTAL NON-CURRENT LIABILITIES | $550M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $86M |
| TOTAL STOCKHOLDERS' EQUITY | $86M |
| Minority Interest | $0 |
| TOTAL EQUITY | $86M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $0 |
| Net Debt | -$84M |
