| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $194M | $166M | -4.5% | 11.3% |
| Op. Income | $24M | $36M | $28M | -32.5% | -13.5% |
| Gross Margin | 4.7% | 4.3% | 4.2% | 0.5pp | 0.6pp |
| Net Margin | 1.7% | 7.3% | 7.1% | -5.6pp | -5.4pp |
| EPS (Diluted) | $0.05 | $0.13 | $0.10 | -62.9% | -51.8% |
| Free Cash Flow | $18M | $34M | $25M | -48.5% | -29.4% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $176M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$16M |
| Operating Expenses | -$16M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $24M |
| Interest Income | $5M |
| Interest Expense | $21M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $21M |
| EBIT | $23M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $176M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$16M |
| Operating Expenses | -$16M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $24M |
| Interest Income | $5M |
| Interest Expense | $21M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $21M |
| EBIT | $23M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | $110.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $10.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$151.0K |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $168M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $190M |
| PP&E (Net) | $113M |
| Goodwill | $0 |
| Intangible Assets | $101M |
| Long-Term Investments | $2.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $162M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $0 |
| Short-Term Debt | $29M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $674.0K |
| Additional Paid-In Capital | $587M |
| Retained Earnings | -$201M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $5M |
| TOTAL STOCKHOLDERS' EQUITY | $563M |
| Minority Interest | $227M |
| TOTAL EQUITY | $789M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
