| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | — | $167M | — | 11.1% |
| Op. Income | $8M | — | $4M | — | 121.9% |
| Gross Margin | 12.3% | — | 11.0% | — | 1.4pp |
| Net Margin | 3.5% | — | 1.5% | — | 2.0pp |
| EPS (Diluted) | $0.08 | — | $0.03 | — | 153.9% |
| Free Cash Flow | $4M | — | -$8M | — | 155.0% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $5M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $177M |
| OPERATING INCOME | $8M |
| Interest Income | $61.0K |
| Interest Expense | $982.0K |
| Other Income/Expenses | -$592.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $8M |
| EBIT | $9M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $5M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $177M |
| OPERATING INCOME | $8M |
| Interest Income | $61.0K |
| Interest Expense | $982.0K |
| Other Income/Expenses | -$592.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $8M |
| EBIT | $9M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $700.0K |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $384.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$957.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $3M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $131M |
| PP&E (Net) | $60M |
| Goodwill | $0 |
| Intangible Assets | $12M |
| Long-Term Investments | $2M |
| Tax Assets | $3M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $99M |
| TOTAL ASSETS | $230M |
| Account Payables | $42M |
| Short-Term Debt | $46M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $124M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $84M |
| Retained Earnings | $24M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $102M |
| Minority Interest | $4M |
| TOTAL EQUITY | $106M |
| TOTAL LIABILITIES & EQUITY | $230M |
| Total Debt | $66M |
| Net Debt | $37M |
