| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.3B | 4.2% | 16.4% |
| Op. Income | -$91M | -$18M | $28M | -418.3% | -421.6% |
| Gross Margin | 4.8% | 9.5% | 13.8% | -4.8pp | -9.0pp |
| Net Margin | -4.6% | -0.8% | 1.8% | -3.8pp | -6.4pp |
| EPS (Diluted) | $-1.94 | $-0.34 | $0.63 | -470.6% | -407.9% |
| Free Cash Flow | $23M | $15M | $4M | 56.8% | 536.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $163M |
| Operating Expenses | $163M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$91M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$91M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | -$70M |
| Net Income from Discontinued Ops | $800.0K |
| Other Adjustments | $0 |
| NET INCOME | -$69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$69M |
| D&A | $2M |
| EBIT | -$82M |
| EBITDA | -$80M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$69M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$42M |
| Change in Working Capital | $133M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$206M |
| Sales/Maturities of Investments | $198M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$29M |
| Other Financing Activities | $400.0K |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $7.6B |
| Net Receivables | $3.7B |
| Inventory | $0 |
| Other Current Assets | -$11.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $179M |
| Intangible Assets | $0 |
| Long-Term Investments | $7.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$8.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $14.2B |
| Account Payables | $70M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$721M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $783M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$783M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $11.9B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.9B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$671M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $14.2B |
| Total Debt | $783M |
| Net Debt | $615M |
