| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $565M | $535M | $371M | 5.7% | 52.3% |
| Op. Income | $50M | $54M | $33M | -6.9% | 49.8% |
| Gross Margin | 59.5% | 58.3% | 55.1% | 1.3pp | 4.4pp |
| Net Margin | 0.7% | 10.6% | 16.8% | -9.8pp | -16.1pp |
| EPS (Diluted) | $0.01 | $0.18 | $0.20 | -92.7% | -93.6% |
| Free Cash Flow | -$9M | -$13M | -$91M | 29.8% | 89.8% |
| Item | Amount |
|---|---|
| REVENUE | $565M |
| Cost of Revenue | $229M |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $184M |
| General & Administrative | $91M |
| SG&A Expenses | $275M |
| Other Expenses | $12M |
| Operating Expenses | $286M |
| Cost & Expenses | $515M |
| OPERATING INCOME | $50M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $8M |
| EBIT | $50M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $50M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $429M |
| Short-Term Investments | $44M |
| Net Receivables | $322M |
| Inventory | $555M |
| Other Current Assets | $102M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $302M |
| Goodwill | $2M |
| Intangible Assets | $83M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $98M |
| TOTAL NON-CURRENT ASSETS | $486M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $115M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $99M |
| TOTAL CURRENT LIABILITIES | $419M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $231M |
| TOTAL LIABILITIES | $650M |
| Common Stock | $43M |
| Additional Paid-In Capital | $963M |
| Retained Earnings | -$72M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | $406M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $209M |
| Net Debt | -$220M |
