| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $440M | $414M | $450M | 6.4% | -2.2% |
| Op. Income | $123M | $96M | $94M | 27.9% | 31.4% |
| Gross Margin | 78.6% | 79.3% | 78.8% | -0.7pp | -0.2pp |
| Net Margin | 18.5% | 24.3% | 6.3% | -5.8pp | 12.2pp |
| EPS (Diluted) | $0.34 | $0.42 | $0.12 | -19.0% | 183.3% |
| Free Cash Flow | $55M | $58M | $31M | -5.5% | 73.3% |
| Item | Amount |
|---|---|
| REVENUE | $440M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $346M |
| R&D Expenses | $93M |
| Selling & Marketing | $101M |
| General & Administrative | $28M |
| SG&A Expenses | $130M |
| Other Expenses | $0 |
| Operating Expenses | $223M |
| Cost & Expenses | $317M |
| OPERATING INCOME | $123M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $0 |
| EBIT | $123M |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $440M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $346M |
| R&D Expenses | $93M |
| Selling & Marketing | $101M |
| General & Administrative | $28M |
| SG&A Expenses | $130M |
| Other Expenses | $0 |
| Operating Expenses | $223M |
| Cost & Expenses | $317M |
| OPERATING INCOME | $123M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $0 |
| EBIT | $123M |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $81M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$107M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $55M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $469M |
| Net Receivables | $939M |
| Inventory | $0 |
| Other Current Assets | $406M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $223M |
| Goodwill | $0 |
| Intangible Assets | $224M |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $948M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $156M |
| Short-Term Debt | $0 |
| Deferred Revenue | $86M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $89M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $3.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $69M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $2.4B |
| Net Debt | $64M |
