| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $191M | $199M | $256M | -4.3% | -25.6% |
| Op. Income | $25M | $29M | $57M | -14.6% | -56.8% |
| Gross Margin | 52.7% | 52.7% | 51.5% | -0.0pp | 1.1pp |
| Net Margin | 13.6% | 14.6% | 20.1% | -1.0pp | -6.5pp |
| EPS (Diluted) | $0.53 | $0.59 | $1.03 | -10.2% | -48.5% |
| Free Cash Flow | $27M | $42M | $6M | -35.8% | 390.2% |
| Item | Amount |
|---|---|
| REVENUE | $191M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $100M |
| R&D Expenses | $27M |
| Selling & Marketing | $16M |
| General & Administrative | $19M |
| SG&A Expenses | $35M |
| Other Expenses | $14M |
| Operating Expenses | $76M |
| Cost & Expenses | $166M |
| OPERATING INCOME | $25M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $17M |
| EBIT | $25M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $191M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $100M |
| R&D Expenses | $27M |
| Selling & Marketing | $16M |
| General & Administrative | $19M |
| SG&A Expenses | $35M |
| Other Expenses | $14M |
| Operating Expenses | $76M |
| Cost & Expenses | $166M |
| OPERATING INCOME | $25M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $17M |
| EBIT | $25M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$121M |
| Sales/Maturities of Investments | $89M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $224M |
| Short-Term Investments | $385M |
| Net Receivables | $188M |
| Inventory | $352M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $100M |
| Goodwill | $316M |
| Intangible Assets | $195M |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $638M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $50M |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $137M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $164M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $416M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $19M |
| Net Debt | -$205M |
