| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $283M | $37M | $270M | 662.9% | 4.7% |
| Op. Income | $25M | -$52M | $19M | 147.6% | 28.1% |
| Gross Margin | 26.7% | -28.0% | 26.8% | 54.6pp | -0.1pp |
| Net Margin | 10.3% | -138.3% | -10.7% | 148.6pp | 21.0pp |
| EPS (Diluted) | $0.46 | $-0.83 | $-0.47 | 155.4% | 197.9% |
| Free Cash Flow | -$64M | $63M | -$65M | -201.1% | 1.0% |
| Item | Amount |
|---|---|
| REVENUE | $283M |
| Cost of Revenue | $207M |
| GROSS PROFIT | $75M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $17M |
| Operating Expenses | $50M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $884.0K |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $17M |
| EBIT | $40M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $283M |
| Cost of Revenue | $207M |
| GROSS PROFIT | $75M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $17M |
| Operating Expenses | $50M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $884.0K |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $17M |
| EBIT | $40M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$714.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6.0K |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $19M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$64M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $0 |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $248M |
| PP&E (Net) | $801M |
| Goodwill | $176M |
| Intangible Assets | $124M |
| Long-Term Investments | $107M |
| Tax Assets | $0 |
| Other Non-Current Assets | $118M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $99M |
| Short-Term Debt | $138M |
| Deferred Revenue | $146M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $388M |
| Long-Term Debt | $462M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $48M |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $661M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $620.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$577M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $513M |
| Minority Interest | $12M |
| TOTAL EQUITY | $525M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $702M |
| Net Debt | $581M |
