| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $75M | $65M | 6.5% | 21.7% |
| Op. Income | $51M | $47M | $41M | 9.1% | 24.1% |
| Gross Margin | 76.6% | 75.3% | 74.3% | 1.3pp | 2.3pp |
| Net Margin | 50.6% | 31.3% | 148.4% | 19.4pp | -97.8pp |
| EPS (Diluted) | $0.48 | $0.29 | $1.28 | 65.5% | -62.5% |
| Free Cash Flow | $36M | $25M | $23M | 42.5% | 51.4% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $61M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $51M |
| Interest Income | $973.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $1 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $15M |
| EBIT | $33M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $61M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $51M |
| Interest Income | $973.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $1 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $15M |
| EBIT | $33M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$105.0K |
| Common Dividends Paid | -$33M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $51M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $111M |
| PP&E (Net) | $3.5B |
| Goodwill | $0 |
| Intangible Assets | $48M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $59M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $771M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $121M |
| TOTAL NON-CURRENT LIABILITIES | $896M |
| TOTAL LIABILITIES | $989M |
| Common Stock | $833.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $85M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $775M |
| Net Debt | $716M |
