| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $535M | $605M | $438M | -11.4% | 22.3% |
| Op. Income | $27M | $120M | $14M | -77.6% | 86.8% |
| Gross Margin | 9.3% | 22.7% | 5.0% | -13.4pp | 4.3pp |
| Net Margin | 4.2% | 15.8% | 14.6% | -11.6pp | -10.3pp |
| EPS (Diluted) | $0.18 | $0.62 | $0.44 | -71.8% | -60.0% |
| Free Cash Flow | -$71M | $42M | -$111M | -269.4% | 35.6% |
| Item | Amount |
|---|---|
| REVENUE | $535M |
| Cost of Revenue | $486M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $508M |
| OPERATING INCOME | $27M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $18M |
| EBIT | $38M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $535M |
| Cost of Revenue | $486M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $508M |
| OPERATING INCOME | $27M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $18M |
| EBIT | $38M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | -$950.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$438.5K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$113M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$113M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$803.9K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$71M |
| Net Change in Cash | -$64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $0 |
| Net Receivables | $220M |
| Inventory | $601M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $933M |
| Goodwill | $0 |
| Intangible Assets | $657.7K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $939M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $75M |
| Short-Term Debt | $9M |
| Deferred Revenue | $198M |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $322M |
| Long-Term Debt | $90M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $393M |
| TOTAL NON-CURRENT LIABILITIES | $482M |
| TOTAL LIABILITIES | $805M |
| Common Stock | $701M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $263M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $228M |
| Other Equity | -$14M |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $99M |
| Net Debt | -$57M |
