| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $196M | $191M | $173M | 2.6% | 13.0% |
| Op. Income | $37M | $35M | $21M | 6.3% | 76.2% |
| Gross Margin | 69.1% | 69.0% | 42.6% | 0.1pp | 26.5pp |
| Net Margin | -5.5% | -5.6% | -6.3% | 0.0pp | 0.8pp |
| EPS (Diluted) | $-0.06 | $-0.06 | $-0.07 | -1.9% | 0.6% |
| Free Cash Flow | $29M | $12M | $18M | 138.9% | 57.9% |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $135M |
| R&D Expenses | $8M |
| Selling & Marketing | $31M |
| General & Administrative | $14M |
| SG&A Expenses | $46M |
| Other Expenses | $44M |
| Operating Expenses | $98M |
| Cost & Expenses | $159M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $44M |
| EBIT | $37M |
| EBITDA | $81M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$687.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$948.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $0 |
| Net Receivables | $106M |
| Inventory | $0 |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $257M |
| PP&E (Net) | $70M |
| Goodwill | $3.0B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $72M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $36M |
| Short-Term Debt | $18M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $207M |
| Other Non-Current Liabilities | $49.0K |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$164M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $2.3B |
| Net Debt | $2.2B |
