| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $25M | -$5M | 56.5% | 914.2% |
| Op. Income | $19M | $7M | -$16M | 178.4% | 221.4% |
| Gross Margin | 54.4% | 38.9% | 315.4% | 15.5pp | -260.9pp |
| Net Margin | 48.5% | 27.3% | 325.5% | 21.2pp | -277.0pp |
| EPS (Diluted) | $0.35 | $0.13 | $-0.29 | 169.2% | 220.7% |
| Free Cash Flow | -$70M | $10M | -$225M | -838.8% | 68.8% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$125.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $19M |
| Interest Income | $44M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $0 |
| EBIT | $19M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$125.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $19M |
| Interest Income | $44M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $0 |
| EBIT | $19M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$93M |
| OPERATING CASH FLOW | -$70M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$216M |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$94M |
| Net Debt Issuance | $97M |
| Common Stock Repurchased | -$10.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10.0K |
| NET CASH FROM FINANCING | $67M |
| FREE CASH FLOW | -$70M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $348M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $372M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $340M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $340M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $546.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$182M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $981M |
| Minority Interest | $0 |
| TOTAL EQUITY | $981M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.2B |
| Net Debt | $865M |
