| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $462M | $476M | $430M | -2.9% | 7.4% |
| Op. Income | $33M | $79M | $14M | -58.2% | 135.7% |
| Gross Margin | 59.7% | 63.4% | 60.0% | -3.7pp | -0.3pp |
| Net Margin | 3.7% | 8.4% | -0.9% | -4.7pp | 4.6pp |
| EPS (Diluted) | $0.17 | $0.39 | $-0.04 | -56.4% | 525.0% |
| Free Cash Flow | $46M | $105M | $102M | -56.2% | -54.9% |
| Item | Amount |
|---|---|
| REVENUE | $462M |
| Cost of Revenue | $186M |
| GROSS PROFIT | $276M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $243M |
| Cost & Expenses | $429M |
| OPERATING INCOME | $33M |
| Interest Income | $8M |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $31M |
| EBIT | $31M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $462M |
| Cost of Revenue | $186M |
| GROSS PROFIT | $276M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $243M |
| Cost & Expenses | $429M |
| OPERATING INCOME | $33M |
| Interest Income | $8M |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $31M |
| EBIT | $31M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $504M |
| Short-Term Investments | $0 |
| Net Receivables | $265M |
| Inventory | $9M |
| Other Current Assets | $102M |
| TOTAL CURRENT ASSETS | $880M |
| PP&E (Net) | $261M |
| Goodwill | $390M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $205M |
| Other Non-Current Assets | $133M |
| TOTAL NON-CURRENT ASSETS | $989M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $113M |
| Short-Term Debt | $6M |
| Deferred Revenue | $526M |
| Other Current Liabilities | $88M |
| TOTAL CURRENT LIABILITIES | $910M |
| Long-Term Debt | $492M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $158M |
| TOTAL NON-CURRENT LIABILITIES | $741M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$117M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $218M |
| Minority Interest | $0 |
| TOTAL EQUITY | $218M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $653M |
| Net Debt | $149M |
