| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $107M | $109M | $84M | -1.4% | 27.9% |
| Op. Income | $26M | $26M | $22M | 3.1% | 18.2% |
| Gross Margin | 48.3% | 48.2% | 46.8% | 0.2pp | 1.6pp |
| Net Margin | 15.1% | 14.4% | 15.9% | 0.7pp | -0.8pp |
| EPS (Diluted) | $0.54 | $0.52 | $0.44 | 3.8% | 22.7% |
| Free Cash Flow | -$414.0K | $31M | $3M | -101.3% | -115.4% |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $52M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $3M |
| Operating Expenses | $25M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $26M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $3M |
| EBIT | $27M |
| EBITDA | $30M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $52M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $3M |
| Operating Expenses | $25M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $26M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $3M |
| EBIT | $27M |
| EBITDA | $30M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$230.0K |
| Other Non-Cash Items | $506.0K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$808.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $293.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$414.0K |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $238M |
| PP&E (Net) | $79M |
| Goodwill | $65M |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $213M |
| TOTAL ASSETS | $451M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $711M |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $758M |
| TOTAL LIABILITIES | $817M |
| Common Stock | $300.0K |
| Additional Paid-In Capital | $2M |
| Retained Earnings | -$367M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$362.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$365M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$365M |
| TOTAL LIABILITIES & EQUITY | $451M |
| Total Debt | $711M |
| Net Debt | $523M |
