| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $583M | $528M | $594M | 10.4% | -2.0% |
| Op. Income | -$621M | $16M | $89M | -3869.1% | -798.2% |
| Gross Margin | 45.6% | 41.6% | 48.1% | 4.1pp | -2.5pp |
| Net Margin | -114.9% | -3.5% | 7.0% | -111.4pp | -121.9pp |
| EPS (Diluted) | $-7.95 | $-0.37 | $0.32 | -2048.6% | -2584.4% |
| Free Cash Flow | -$8M | $7M | $54M | -212.4% | -115.4% |
| Item | Amount |
|---|---|
| REVENUE | $583M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $266M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $154M |
| SG&A Expenses | $154M |
| Other Expenses | $733M |
| Operating Expenses | $887M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$621M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | -$674M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$670M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$670M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$682M |
| D&A | $39M |
| EBIT | -$622M |
| EBITDA | -$583M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$670M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $671M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$726.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7.0K |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $599M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $679M |
| PP&E (Net) | $560M |
| Goodwill | $2.2B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $431M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $84M |
| Short-Term Debt | $19M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $102M |
| TOTAL CURRENT LIABILITIES | $449M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $351M |
| Other Non-Current Liabilities | $385M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $845.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$363M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$77M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $3.1B |
| Net Debt | $3.0B |
