| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $531M | $502M | $473M | 5.9% | 12.4% |
| Op. Income | -$39M | $80M | $23M | -148.1% | -270.4% |
| Gross Margin | 62.2% | 62.5% | 67.7% | -0.3pp | -5.4pp |
| Net Margin | -8.9% | 12.8% | 4.7% | -21.7pp | -13.6pp |
| EPS (Diluted) | $-3.83 | $5.08 | $1.69 | -175.4% | -326.6% |
| Free Cash Flow | $204M | $310M | $281M | -34.3% | -27.6% |
| Item | Amount |
|---|---|
| REVENUE | $531M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $331M |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $23M |
| SG&A Expenses | $49M |
| Other Expenses | $321M |
| Operating Expenses | $369M |
| Cost & Expenses | $570M |
| OPERATING INCOME | -$39M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $7M |
| EBIT | -$39M |
| EBITDA | -$32M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $344M |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | $204M |
| Capital Expenditure | -$400.0K |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$523M |
| NET CASH FROM INVESTING | -$526M |
| Net Debt Issuance | $344M |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $272M |
| FREE CASH FLOW | $204M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $518M |
| Short-Term Investments | $9M |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $7.5B |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $410M |
| Other Non-Current Assets | -$285M |
| TOTAL NON-CURRENT ASSETS | $141M |
| TOTAL ASSETS | $8.3B |
| Account Payables | $344M |
| Short-Term Debt | $98M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$98M |
| TOTAL CURRENT LIABILITIES | $344M |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $80M |
| Deferred Tax Liabilities | $410M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $314M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $5.9B |
| Net Debt | $5.4B |
