| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $97M | — | $220M | — | -55.9% |
| Op. Income | -$22M | — | -$31M | — | 29.9% |
| Gross Margin | 41.5% | — | 30.6% | — | 10.9pp |
| Net Margin | -35.4% | — | -11.7% | — | -23.7pp |
| EPS (Diluted) | $-0.38 | — | $-0.38 | — | 0.0% |
| Free Cash Flow | $6M | — | $22M | — | -71.0% |
| Item | Amount |
|---|---|
| REVENUE | $97M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $20M |
| Operating Expenses | $62M |
| Cost & Expenses | $119M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | -$13M |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $28M |
| EBIT | -$24M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$867.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$39M |
| Common Stock Repurchased | -$215.0K |
| Common Dividends Paid | -$21.0K |
| Other Financing Activities | $39M |
| NET CASH FROM FINANCING | -$236.0K |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $63M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $95M |
| PP&E (Net) | $11M |
| Goodwill | $516M |
| Intangible Assets | $447M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $983M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $20M |
| Short-Term Debt | $15M |
| Deferred Revenue | $80M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $210M |
| Long-Term Debt | $397M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $471M |
| TOTAL LIABILITIES | $681M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $842M |
| Retained Earnings | -$515M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$270.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $327M |
| Minority Interest | $70M |
| TOTAL EQUITY | $397M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $419M |
| Net Debt | $410M |
