| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $271M | $256M | $219M | 5.6% | 23.3% |
| Op. Income | -$13M | -$24M | -$13M | 46.5% | -2.5% |
| Gross Margin | 10.9% | 10.3% | 13.0% | 0.6pp | -2.2pp |
| Net Margin | -5.1% | -9.7% | -6.2% | 4.6pp | 1.1pp |
| EPS (Diluted) | $-0.33 | $-0.60 | $-0.33 | 45.0% | 0.0% |
| Free Cash Flow | -$8M | -$12M | -$7M | 32.4% | -15.4% |
| Item | Amount |
|---|---|
| REVENUE | $271M |
| Cost of Revenue | $241M |
| GROSS PROFIT | $29M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $24M |
| Operating Expenses | $42M |
| Cost & Expenses | $284M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$862.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$238.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $3M |
| EBIT | -$11M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $607.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | $483.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$435.0K |
| Common Stock Repurchased | $853.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$93.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $118M |
| Net Receivables | $266M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $521M |
| PP&E (Net) | $98M |
| Goodwill | $44M |
| Intangible Assets | $22M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $210M |
| TOTAL ASSETS | $730M |
| Account Payables | $7M |
| Short-Term Debt | $1M |
| Deferred Revenue | $237M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $331M |
| Long-Term Debt | $103M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $441M |
| Common Stock | $0 |
| Additional Paid-In Capital | $519M |
| Retained Earnings | -$210M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $289M |
| Minority Interest | $0 |
| TOTAL EQUITY | $289M |
| TOTAL LIABILITIES & EQUITY | $730M |
| Total Debt | $104M |
| Net Debt | -$14M |
