| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $277M | — | $192M | — | 44.4% |
| Op. Income | -$1M | — | $1M | — | -193.8% |
| Gross Margin | 1.0% | — | 2.1% | — | -1.1pp |
| Net Margin | -0.6% | — | 0.6% | — | -1.2pp |
| EPS (Diluted) | $-0.06 | — | $0.05 | — | -240.3% |
| Free Cash Flow | $2M | — | -$8M | — | 129.4% |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $275M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $279M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$217.6K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $206 |
| 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 | $93.4K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $263.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$17.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $18M |
| Net Receivables | $39M |
| Inventory | $0 |
| Other Current Assets | $563.9K |
| TOTAL CURRENT ASSETS | $67M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $68M |
| Account Payables | $44M |
| Short-Term Debt | $39.5K |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$39.5K |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $100.2K |
| TOTAL LIABILITIES | $45M |
| Common Stock | $2.5K |
| Additional Paid-In Capital | $13M |
| Retained Earnings | $11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | -$19.5K |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $68M |
| Total Debt | $326.2K |
| Net Debt | -$9M |
