| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $299M | $291M | $331M | 2.9% | -9.8% |
| Op. Income | $8M | -$23M | $12M | 133.7% | -37.9% |
| Gross Margin | 45.0% | 43.0% | 47.7% | 1.9pp | -2.7pp |
| Net Margin | 1.2% | -5.2% | 2.7% | 6.3pp | -1.6pp |
| EPS (Diluted) | $0.08 | $-0.33 | $0.20 | 123.0% | -62.1% |
| Free Cash Flow | $61M | $3M | -$19M | 2230.6% | 419.8% |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $165M |
| GROSS PROFIT | $134M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $104M |
| SG&A Expenses | $104M |
| Other Expenses | $0 |
| Operating Expenses | $127M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $8M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $24M |
| EBIT | $8M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $165M |
| GROSS PROFIT | $134M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $104M |
| SG&A Expenses | $104M |
| Other Expenses | $0 |
| Operating Expenses | $127M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $8M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $24M |
| EBIT | $8M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $514.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $399M |
| Short-Term Investments | $11M |
| Net Receivables | $274M |
| Inventory | $131M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $881M |
| PP&E (Net) | $131M |
| Goodwill | $736M |
| Intangible Assets | $300M |
| Long-Term Investments | $35M |
| Tax Assets | $33M |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $171M |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $370M |
| Long-Term Debt | $568M |
| Deferred Revenue NC | $49M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $660M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $56.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $379M |
| Treasury Stock | -$290M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $615M |
| Net Debt | $215M |
