| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $343M | $287M | $253M | 19.6% | 35.8% |
| Op. Income | $37M | $60M | $65M | -38.9% | -43.3% |
| Gross Margin | 54.0% | 57.0% | 66.7% | -3.1pp | -12.7pp |
| Net Margin | 7.3% | 17.3% | 21.8% | -10.0pp | -14.5pp |
| EPS (Diluted) | $0.25 | $0.62 | $0.70 | -59.7% | -64.3% |
| Free Cash Flow | $85M | $55M | $71M | 54.3% | 18.8% |
| Item | Amount |
|---|---|
| REVENUE | $343M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $185M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $73M |
| SG&A Expenses | $76M |
| Other Expenses | $73M |
| Operating Expenses | $149M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $37M |
| Interest Income | $321M |
| Interest Expense | $136M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $8M |
| EBIT | $37M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $343M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $185M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $73M |
| SG&A Expenses | $76M |
| Other Expenses | $73M |
| Operating Expenses | $149M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $37M |
| Interest Income | $321M |
| Interest Expense | $136M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $8M |
| EBIT | $37M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $49M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | -$970.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$392M |
| Sales/Maturities of Investments | $530M |
| Other Investing Activities | -$304M |
| NET CASH FROM INVESTING | -$167M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$32M |
| Other Financing Activities | $137M |
| NET CASH FROM FINANCING | $131M |
| FREE CASH FLOW | $85M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $440M |
| Short-Term Investments | $2.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $115M |
| Goodwill | $1.2B |
| Intangible Assets | $96M |
| Long-Term Investments | $19.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $21.8B |
| TOTAL ASSETS | $24.8B |
| Account Payables | $0 |
| Short-Term Debt | $790M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20.0B |
| TOTAL CURRENT LIABILITIES | $20.8B |
| Long-Term Debt | $417M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $510M |
| TOTAL NON-CURRENT LIABILITIES | $927M |
| TOTAL LIABILITIES | $21.7B |
| Common Stock | $118M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$383M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $24.8B |
| Total Debt | $1.2B |
| Net Debt | $767M |
