| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $214M | $221M | $161M | -3.1% | 33.5% |
| Op. Income | $35M | $57M | $51M | -38.5% | -30.2% |
| Gross Margin | 67.8% | 75.3% | 92.6% | -7.4pp | -24.7pp |
| Net Margin | 13.4% | 20.8% | 24.7% | -7.5pp | -11.3pp |
| EPS (Diluted) | $0.51 | $0.82 | $0.71 | -37.8% | -28.2% |
| Free Cash Flow | -$28M | -$16M | $140M | -81.0% | -120.2% |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $71M |
| SG&A Expenses | $74M |
| Other Expenses | $36M |
| Operating Expenses | $110M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $35M |
| Interest Income | $197M |
| Interest Expense | $67M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $9M |
| EBIT | $35M |
| EBITDA | $44M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $71M |
| SG&A Expenses | $74M |
| Other Expenses | $36M |
| Operating Expenses | $110M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $35M |
| Interest Income | $197M |
| Interest Expense | $67M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $9M |
| EBIT | $35M |
| EBITDA | $44M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$67M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $563M |
| Other Investing Activities | -$132M |
| NET CASH FROM INVESTING | $427M |
| Net Debt Issuance | -$475M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $183M |
| NET CASH FROM FINANCING | -$304M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | $99M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $947M |
| Short-Term Investments | $951M |
| Net Receivables | $128M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $286M |
| Goodwill | $992M |
| Intangible Assets | $109M |
| Long-Term Investments | $13.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $681M |
| TOTAL NON-CURRENT ASSETS | $15.2B |
| TOTAL ASSETS | $17.2B |
| Account Payables | $0 |
| Short-Term Debt | $257M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.1B |
| TOTAL CURRENT LIABILITIES | $14.4B |
| Long-Term Debt | $430M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $233M |
| TOTAL NON-CURRENT LIABILITIES | $663M |
| TOTAL LIABILITIES | $15.0B |
| Common Stock | $296M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $907M |
| Treasury Stock | -$106M |
| Accum. Other Comp. Income | -$191M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $17.2B |
| Total Debt | $687M |
| Net Debt | -$260M |
