| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $563M | $354M | $463M | 58.9% | 21.6% |
| Op. Income | $155M | $42M | $121M | 272.5% | 28.2% |
| Gross Margin | 56.3% | 61.0% | 59.5% | -4.7pp | -3.2pp |
| Net Margin | 14.9% | -2.4% | 12.5% | 17.3pp | 2.4pp |
| EPS (Diluted) | $0.44 | $-0.04 | $-0.14 | 1097.4% | 416.7% |
| Free Cash Flow | $39M | -$75M | $38M | 151.8% | 3.1% |
| Item | Amount |
|---|---|
| REVENUE | $563M |
| Cost of Revenue | $246M |
| GROSS PROFIT | $317M |
| R&D Expenses | $0 |
| Selling & Marketing | $132M |
| General & Administrative | $23M |
| SG&A Expenses | $156M |
| Other Expenses | $6M |
| Operating Expenses | $162M |
| Cost & Expenses | $408M |
| OPERATING INCOME | $155M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $28M |
| EBIT | $155M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $563M |
| Cost of Revenue | $246M |
| GROSS PROFIT | $317M |
| R&D Expenses | $0 |
| Selling & Marketing | $132M |
| General & Administrative | $23M |
| SG&A Expenses | $156M |
| Other Expenses | $6M |
| Operating Expenses | $162M |
| Cost & Expenses | $408M |
| OPERATING INCOME | $155M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $28M |
| EBIT | $155M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $84M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$127M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$28M |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $205M |
| Short-Term Investments | $0 |
| Net Receivables | $245M |
| Inventory | $761M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $547M |
| Goodwill | $1.8B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $142M |
| Short-Term Debt | $34M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $438M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $131M |
| Other Non-Current Liabilities | $415M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $340M |
| Treasury Stock | -$402M |
| Accum. Other Comp. Income | $97M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $1.8B |
| Net Debt | $1.5B |
