| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $199M | $37M | $4M | 439.3% | 4399.7% |
| Op. Income | $92M | -$48M | -$93M | 289.7% | 199.0% |
| Gross Margin | 77.3% | 45.8% | -552.3% | 31.4pp | 629.6pp |
| Net Margin | 32.8% | -593.5% | 4286.3% | 626.4pp | -4253.5pp |
| EPS (Diluted) | $0.25 | $-0.82 | $0.83 | 130.5% | -69.9% |
| Free Cash Flow | -$58M | -$80M | -$53M | 27.9% | -8.6% |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $154M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $62M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $92M |
| Interest Income | $80M |
| Interest Expense | $42M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $8M |
| EBIT | -$24M |
| EBITDA | -$17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $154M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $62M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $92M |
| Interest Income | $80M |
| Interest Expense | $42M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $8M |
| EBIT | -$24M |
| EBITDA | -$17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | -$114M |
| OPERATING CASH FLOW | -$51M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$887.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$58M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $156M |
| Inventory | $97M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $285M |
| PP&E (Net) | $378M |
| Goodwill | $12M |
| Intangible Assets | $20M |
| Long-Term Investments | $58M |
| Tax Assets | $307M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $783M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $59M |
| Short-Term Debt | $999M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $99M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $57M |
| Deferred Revenue NC | $90M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $202M |
| TOTAL NON-CURRENT LIABILITIES | $472M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$606M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$606M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $1.2B |
| Net Debt | $1.2B |
