| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $426M | $227M | $445M | 87.7% | -4.4% |
| Op. Income | $16M | -$2M | -$18M | 1107.6% | 189.6% |
| Gross Margin | 11.2% | 11.6% | 4.7% | -0.4pp | 6.5pp |
| Net Margin | 2.1% | -1.5% | -3.5% | 3.6pp | 5.6pp |
| EPS (Diluted) | $0.18 | $-0.07 | $-1.08 | 362.4% | 116.7% |
| Free Cash Flow | $29M | -$3M | $8M | 1148.3% | 282.0% |
| Item | Amount |
|---|---|
| REVENUE | $426M |
| Cost of Revenue | $378M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $15M |
| SG&A Expenses | $30M |
| Other Expenses | $1M |
| Operating Expenses | $32M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $1M |
| EBIT | $16M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $426M |
| Cost of Revenue | $378M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $15M |
| SG&A Expenses | $30M |
| Other Expenses | $1M |
| Operating Expenses | $32M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $1M |
| EBIT | $16M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $58.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $62M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$131.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$131.0K |
| Net Debt Issuance | $43M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$70M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $184M |
| Inventory | $115M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $307M |
| PP&E (Net) | $16M |
| Goodwill | $89M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $121M |
| TOTAL ASSETS | $428M |
| Account Payables | $212M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $511.0K |
| TOTAL CURRENT LIABILITIES | $227M |
| Long-Term Debt | $107M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41.0K |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $340M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $48M |
| Retained Earnings | $41M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$77.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $89M |
| Minority Interest | $0 |
| TOTAL EQUITY | $89M |
| TOTAL LIABILITIES & EQUITY | $428M |
| Total Debt | $119M |
| Net Debt | $116M |
