| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $178M | $228M | -$112M | -21.7% | 258.9% |
| Op. Income | $140M | $181M | -$169M | -23.0% | 182.5% |
| Gross Margin | 83.9% | 84.1% | 141.0% | -0.2pp | -57.1pp |
| Net Margin | 13.8% | 26.6% | 63.0% | -12.8pp | -49.2pp |
| EPS (Diluted) | $0.16 | $0.50 | $-0.88 | -68.0% | 118.2% |
| Free Cash Flow | $2.0B | -$1.3B | -$69M | 258.3% | 3007.2% |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $140M |
| Interest Income | $163M |
| Interest Expense | $187M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $322M |
| EBITDA | $322M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $150M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $140M |
| Interest Income | $163M |
| Interest Expense | $187M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $322M |
| EBITDA | $322M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $845.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.0B |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$232M |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | $117M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $378M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | -$35M |
| Other Financing Activities | -$2.2B |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | $120M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $239M |
| Short-Term Investments | $242M |
| Net Receivables | $76M |
| Inventory | $0 |
| Other Current Assets | -$557M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $4.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.4B |
| Account Payables | $100M |
| Short-Term Debt | $6.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$10M |
| TOTAL CURRENT LIABILITIES | $6.3B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $11.5B |
| Common Stock | $868.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$533M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $13.4B |
| Total Debt | $11.0B |
| Net Debt | $10.8B |
