| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $296M | $268M | $277M | 10.3% | 6.8% |
| Op. Income | $25M | $18M | $29M | 39.3% | -12.4% |
| Gross Margin | 32.5% | 32.6% | 36.1% | -0.1pp | -3.5pp |
| Net Margin | 5.5% | 4.2% | 7.2% | 1.3pp | -1.6pp |
| EPS (Diluted) | $0.96 | $0.65 | $1.09 | 47.7% | -11.9% |
| Free Cash Flow | -$17M | $10M | $7M | -268.1% | -352.4% |
| Item | Amount |
|---|---|
| REVENUE | $296M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $96M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $323.0K |
| Operating Expenses | $71M |
| Cost & Expenses | $270M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $4M |
| 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 | $10M |
| EBIT | $25M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $296M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $96M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $56M |
| SG&A Expenses | $56M |
| Other Expenses | $323.0K |
| Operating Expenses | $71M |
| Cost & Expenses | $270M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $4M |
| 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 | $10M |
| EBIT | $25M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $251.0K |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$601.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $143.0K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $0 |
| Net Receivables | $323M |
| Inventory | $361M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $767M |
| PP&E (Net) | $143M |
| Goodwill | $339M |
| Intangible Assets | $138M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $699M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $129M |
| Short-Term Debt | $243M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $538M |
| Long-Term Debt | $140M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $280M |
| TOTAL LIABILITIES | $818M |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $672M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $648M |
| Minority Interest | $0 |
| TOTAL EQUITY | $648M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $419M |
| Net Debt | $374M |
