| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $476M | $465M | $569M | 2.2% | -16.5% |
| Op. Income | -$7M | -$6M | $29M | -10.3% | -122.4% |
| Gross Margin | 27.4% | 26.5% | 27.8% | 1.0pp | -0.4pp |
| Net Margin | -1.5% | -0.9% | 4.2% | -0.6pp | -5.8pp |
| EPS (Diluted) | $-0.24 | $-0.13 | $0.72 | -84.6% | -133.3% |
| Free Cash Flow | $4M | $1M | $18M | 279.1% | -78.0% |
| Item | Amount |
|---|---|
| REVENUE | $476M |
| Cost of Revenue | $345M |
| GROSS PROFIT | $130M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $121M |
| Other Expenses | $16M |
| Operating Expenses | $137M |
| Cost & Expenses | $482M |
| OPERATING INCOME | -$7M |
| Interest Income | $578.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $578.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $6M |
| EBIT | $3M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $25.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $148.0K |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $281M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $354M |
| PP&E (Net) | $153M |
| Goodwill | $85M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $26M |
| Other Non-Current Assets | $294M |
| TOTAL NON-CURRENT ASSETS | $571M |
| TOTAL ASSETS | $925M |
| Account Payables | $49M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $199M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $219M |
| TOTAL NON-CURRENT LIABILITIES | $272M |
| TOTAL LIABILITIES | $471M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $474M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $454M |
| Minority Interest | $0 |
| TOTAL EQUITY | $454M |
| TOTAL LIABILITIES & EQUITY | $925M |
| Total Debt | $65M |
| Net Debt | $15M |
