| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $776M | $835M | $871M | -7.0% | -10.9% |
| Op. Income | $17M | $12M | $6M | 41.6% | 200.4% |
| Gross Margin | 31.4% | 31.5% | 30.0% | -0.1pp | 1.4pp |
| Net Margin | -18.2% | -0.9% | 0.5% | -17.3pp | -18.7pp |
| EPS (Diluted) | $-0.81 | $-0.04 | $0.02 | -1728.4% | -4150.0% |
| Free Cash Flow | -$26M | -$68M | $4M | 61.9% | -840.8% |
| Item | Amount |
|---|---|
| REVENUE | $776M |
| Cost of Revenue | $533M |
| GROSS PROFIT | $244M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $217M |
| Other Expenses | $0 |
| Operating Expenses | $227M |
| Cost & Expenses | $760M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$168M |
| INCOME BEFORE TAX | -$151M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$142M |
| D&A | $40M |
| EBIT | -$128M |
| EBITDA | -$88M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$142M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $132M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$44.0K |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | -$807.0K |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $78M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $542M |
| Short-Term Investments | $19M |
| Net Receivables | $844M |
| Inventory | $93M |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $713M |
| Goodwill | $952M |
| Intangible Assets | $70M |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $808M |
| Short-Term Debt | $265M |
| Deferred Revenue | $83M |
| Other Current Liabilities | $644M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $828.0K |
| Deferred Tax Liabilities | $237M |
| Other Non-Current Liabilities | $267M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $323M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.9B |
| Treasury Stock | -$4.5B |
| Accum. Other Comp. Income | -$808M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$75M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$75M |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $2.5B |
| Net Debt | $1.9B |
