| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | $97M | $89M | 0.6% | 9.8% |
| Op. Income | $7M | $25M | $8M | -74.3% | -15.2% |
| Gross Margin | 64.6% | 64.6% | 65.1% | -0.0pp | -0.5pp |
| Net Margin | -2.2% | 7.7% | -3.8% | -9.9pp | 1.6pp |
| EPS (Diluted) | $-0.05 | $0.18 | $-0.08 | -128.2% | 38.8% |
| Free Cash Flow | $4M | -$9M | $5M | 139.8% | -23.5% |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $63M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $7M |
| Interest Income | $353.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$306.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $6M |
| EBIT | $6M |
| EBITDA | $12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$61.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$179.0K |
| NET CASH FROM FINANCING | -$181.0K |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $0 |
| Net Receivables | $79M |
| Inventory | $81M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $285M |
| PP&E (Net) | $79M |
| Goodwill | $244M |
| Intangible Assets | $164M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $505M |
| TOTAL ASSETS | $790M |
| Account Payables | $12M |
| Short-Term Debt | $268.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $991.0K |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $313M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $444M |
| TOTAL LIABILITIES | $494M |
| Common Stock | $433.0K |
| Additional Paid-In Capital | $368M |
| Retained Earnings | -$42M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $295M |
| Minority Interest | $0 |
| TOTAL EQUITY | $295M |
| TOTAL LIABILITIES & EQUITY | $790M |
| Total Debt | $363M |
| Net Debt | $308M |
