| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $547M | $544M | $626M | 0.4% | -12.6% |
| Op. Income | $21M | -$3M | $37M | 717.3% | -42.5% |
| Gross Margin | 18.0% | 15.8% | 18.7% | 2.2pp | -0.7pp |
| Net Margin | 1.2% | -1.1% | 4.4% | 2.3pp | -3.2pp |
| EPS (Diluted) | $0.07 | $-0.06 | $0.27 | 214.6% | -75.9% |
| Free Cash Flow | -$24M | $24M | $53M | -197.9% | -144.6% |
| Item | Amount |
|---|---|
| REVENUE | $547M |
| Cost of Revenue | $448M |
| GROSS PROFIT | $99M |
| R&D Expenses | $6M |
| Selling & Marketing | $18M |
| General & Administrative | $38M |
| SG&A Expenses | $56M |
| Other Expenses | $15M |
| Operating Expenses | $77M |
| Cost & Expenses | $525M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $31M |
| EBIT | $25M |
| EBITDA | $56M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $547M |
| Cost of Revenue | $448M |
| GROSS PROFIT | $99M |
| R&D Expenses | $6M |
| Selling & Marketing | $18M |
| General & Administrative | $38M |
| SG&A Expenses | $56M |
| Other Expenses | $15M |
| Operating Expenses | $77M |
| Cost & Expenses | $525M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $31M |
| EBIT | $25M |
| EBITDA | $56M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $438.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $399M |
| Short-Term Investments | $0 |
| Net Receivables | $706M |
| Inventory | $187M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $724M |
| Goodwill | $747M |
| Intangible Assets | $264M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $306M |
| Short-Term Debt | $4M |
| Deferred Revenue | $115M |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $602M |
| Long-Term Debt | $864M |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $54M |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $111.0K |
| Additional Paid-In Capital | $868M |
| Retained Earnings | $802M |
| Treasury Stock | -$99M |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $896M |
| Net Debt | $497M |
