| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $114M | $121M | 5.3% | -1.1% |
| Op. Income | $28M | $9M | $30M | 217.7% | -6.6% |
| Gross Margin | 71.8% | 64.0% | 72.7% | 7.8pp | -0.9pp |
| Net Margin | 140.9% | 2.9% | 28.9% | 138.0pp | 112.0pp |
| EPS (Diluted) | $1.51 | $0.03 | $0.31 | 5018.6% | 387.1% |
| Free Cash Flow | $44M | $31M | $52M | 40.2% | -15.6% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $86M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $28M |
| Interest Income | $2M |
| Interest Expense | $376.0K |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | -$155M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $14M |
| EBIT | $14M |
| EBITDA | $28M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $86M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $28M |
| Interest Income | $2M |
| Interest Expense | $376.0K |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | -$155M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $14M |
| EBIT | $14M |
| EBITDA | $28M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $169M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$159M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $18M |
| Purchases of Investments | -$92M |
| Sales/Maturities of Investments | $74M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $210M |
| Net Receivables | $158M |
| Inventory | $34M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $536M |
| PP&E (Net) | $109M |
| Goodwill | $292M |
| Intangible Assets | $43M |
| Long-Term Investments | $0 |
| Tax Assets | $140M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $591M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $101M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $182M |
| Common Stock | $109.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$353M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $946M |
| Minority Interest | $0 |
| TOTAL EQUITY | $946M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $31M |
| Net Debt | -$91M |
