| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $319M | $162M | $194M | 96.4% | 64.3% |
| Op. Income | $53M | -$40M | -$174M | 234.2% | 130.5% |
| Gross Margin | 55.6% | 33.8% | 24.6% | 21.8pp | 31.0pp |
| Net Margin | 7.1% | -26.1% | -70.8% | 33.2pp | 77.9pp |
| EPS (Diluted) | $0.14 | $-0.26 | $-0.84 | 153.8% | 116.7% |
| Free Cash Flow | -$30M | -$50M | -$229M | 38.5% | 86.7% |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $178M |
| R&D Expenses | $6M |
| Selling & Marketing | $90M |
| General & Administrative | $28M |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $125M |
| Cost & Expenses | $266M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $7M |
| EBIT | $53M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $319M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $178M |
| R&D Expenses | $6M |
| Selling & Marketing | $90M |
| General & Administrative | $28M |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $125M |
| Cost & Expenses | $266M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $7M |
| EBIT | $53M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $355M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $404M |
| PP&E (Net) | $62M |
| Goodwill | $29M |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $758M |
| TOTAL NON-CURRENT ASSETS | $894M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $27M |
| Short-Term Debt | $21M |
| Deferred Revenue | $39M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $670M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $47M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $752M |
| TOTAL LIABILITIES | $916M |
| Common Stock | $2M |
| Additional Paid-In Capital | $561M |
| Retained Earnings | -$197M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $382M |
| Minority Interest | $0 |
| TOTAL EQUITY | $382M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $730M |
| Net Debt | $694M |
