| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.5B | -1.6% | 3.4% |
| Op. Income | $24M | $28M | $50M | -13.0% | -51.9% |
| Gross Margin | 38.7% | 38.9% | 40.1% | -0.1pp | -1.4pp |
| Net Margin | -1.0% | -0.1% | 0.9% | -0.8pp | -1.9pp |
| EPS (Diluted) | $-0.05 | $-0.01 | $0.05 | -447.0% | -209.4% |
| Free Cash Flow | $45M | -$24M | -$28M | 283.0% | 261.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $938M |
| GROSS PROFIT | $593M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $569M |
| Other Expenses | $0 |
| Operating Expenses | $569M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $24M |
| Interest Income | $764.0K |
| Interest Expense | $37M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $49M |
| EBIT | $26M |
| EBITDA | $74M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $98M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $97M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | -$27M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $173M |
| Short-Term Investments | $0 |
| Net Receivables | $66M |
| Inventory | $675M |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $2.2B |
| Goodwill | $2.2B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $194M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $478M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $294M |
| Other Non-Current Liabilities | $130M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $268.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $216M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $3.0B |
| Net Debt | $2.9B |
