| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | $166M | $127M | 2.2% | 33.1% |
| Op. Income | $44M | $55M | $54M | -20.7% | -18.5% |
| Gross Margin | 64.2% | 74.7% | 93.1% | -10.4pp | -28.8pp |
| Net Margin | 18.9% | 24.5% | 30.8% | -5.6pp | -11.9pp |
| EPS (Diluted) | $0.43 | $0.54 | $0.53 | -20.4% | -18.9% |
| Free Cash Flow | $25M | $57M | $53M | -56.5% | -53.3% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $37M |
| SG&A Expenses | $39M |
| Other Expenses | $26M |
| Operating Expenses | $65M |
| Cost & Expenses | $126M |
| OPERATING INCOME | $44M |
| Interest Income | $150M |
| Interest Expense | $51M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $6M |
| EBIT | $44M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $37M |
| SG&A Expenses | $39M |
| Other Expenses | $26M |
| Operating Expenses | $65M |
| Cost & Expenses | $126M |
| OPERATING INCOME | $44M |
| Interest Income | $150M |
| Interest Expense | $51M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $6M |
| EBIT | $44M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $55M |
| Other Investing Activities | -$313M |
| NET CASH FROM INVESTING | -$264M |
| Net Debt Issuance | $265M |
| Common Stock Repurchased | $2M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$37M |
| NET CASH FROM FINANCING | $212M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $209M |
| Short-Term Investments | $1.7B |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $71M |
| Goodwill | $0 |
| Intangible Assets | $459M |
| Long-Term Investments | $10.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $678M |
| TOTAL NON-CURRENT ASSETS | $12.0B |
| TOTAL ASSETS | $14.0B |
| Account Payables | $0 |
| Short-Term Debt | $82M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.3B |
| TOTAL CURRENT LIABILITIES | $10.4B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $221M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $12.4B |
| Common Stock | $832.0K |
| Additional Paid-In Capital | $986M |
| Retained Earnings | $954M |
| Treasury Stock | -$128M |
| Accum. Other Comp. Income | -$162M |
| Other Equity | -$9M |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $14.0B |
| Total Debt | $1.9B |
| Net Debt | $1.7B |
