| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $340M | $317M | $292M | 7.3% | 16.3% |
| Op. Income | $38M | $33M | $11M | 14.5% | 251.5% |
| Gross Margin | 18.8% | 18.5% | 12.9% | 0.3pp | 5.9pp |
| Net Margin | 8.4% | 7.6% | 2.5% | 0.8pp | 5.9pp |
| EPS (Diluted) | $0.93 | $0.79 | $0.24 | 17.7% | 287.5% |
| Free Cash Flow | $50M | -$51M | $251M | 199.1% | -79.9% |
| Item | Amount |
|---|---|
| REVENUE | $340M |
| Cost of Revenue | $276M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $2M |
| Operating Expenses | $26M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $0 |
| EBIT | $39M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $340M |
| Cost of Revenue | $276M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $2M |
| Operating Expenses | $26M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $0 |
| EBIT | $39M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $15.0K |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$368.0K |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $292M |
| Short-Term Investments | $102M |
| Net Receivables | $675M |
| Inventory | $0 |
| Other Current Assets | -$1.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $2.9B |
| Account Payables | $608M |
| Short-Term Debt | $54M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$740M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $102M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$102M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $473.0K |
| Additional Paid-In Capital | $115M |
| Retained Earnings | $560M |
| Treasury Stock | -$245M |
| Accum. Other Comp. Income | -$96M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $335M |
| Minority Interest | $0 |
| TOTAL EQUITY | $335M |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $156M |
| Net Debt | -$135M |
