| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $292M | $276M | $232M | 6.0% | 26.1% |
| Op. Income | $0 | $31M | $72M | -100.0% | -100.0% |
| Gross Margin | 50.9% | 50.7% | 39.2% | 0.2pp | 11.7pp |
| Net Margin | 5.3% | -14.6% | 4.5% | 19.9pp | 0.8pp |
| EPS (Diluted) | $1.95 | $-5.34 | $1.11 | 136.5% | 75.7% |
| Free Cash Flow | -$464M | -$239M | $112M | -94.2% | -514.6% |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $144M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $145M |
| Operating Expenses | $149M |
| Cost & Expenses | $292M |
| OPERATING INCOME | $0 |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $900.0K |
| 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 | $3M |
| EBIT | $91M |
| EBITDA | $94M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$497M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | -$441M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $292M |
| Other Investing Activities | -$301M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $548M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | $521M |
| FREE CASH FLOW | -$464M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $213M |
| Short-Term Investments | $0 |
| Net Receivables | $9.2B |
| Inventory | $0 |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $10.2B |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $2.7B |
| Long-Term Investments | $35M |
| Tax Assets | $3M |
| Other Non-Current Assets | $280M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $13.2B |
| Account Payables | $0 |
| Short-Term Debt | $51M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $218M |
| Long-Term Debt | $11.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $12.6B |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $549M |
| Retained Earnings | -$113M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $434M |
| Minority Interest | $0 |
| TOTAL EQUITY | $434M |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $11.2B |
| Net Debt | $11.0B |
