| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $148M | $110M | -2.8% | 31.0% |
| Op. Income | $65M | $62M | $38M | 4.5% | 71.2% |
| Gross Margin | 57.3% | 55.4% | 47.9% | 1.9pp | 9.4pp |
| Net Margin | 32.3% | 29.6% | 20.8% | 2.7pp | 11.5pp |
| EPS (Diluted) | $0.44 | $0.41 | $0.24 | 7.3% | 83.3% |
| Free Cash Flow | $34M | -$9M | -$1M | 457.6% | 2913.5% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $82M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $4M |
| Operating Expenses | $18M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $65M |
| Interest Income | $652.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $22M |
| EBIT | $65M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $82M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $4M |
| Operating Expenses | $18M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $65M |
| Interest Income | $652.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $22M |
| EBIT | $65M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $46.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$345.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $130M |
| PP&E (Net) | $419M |
| Goodwill | $41M |
| Intangible Assets | $74M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $536M |
| TOTAL ASSETS | $666M |
| Account Payables | $17M |
| Short-Term Debt | $207M |
| Deferred Revenue | $51M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $323M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $376M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $139M |
| Retained Earnings | $178M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $290M |
| Minority Interest | $0 |
| TOTAL EQUITY | $290M |
| TOTAL LIABILITIES & EQUITY | $666M |
| Total Debt | $229M |
| Net Debt | $159M |
