| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $233M | $259M | $173M | -9.8% | 35.1% |
| Op. Income | $16M | $9M | $6M | 74.5% | 180.2% |
| Gross Margin | 26.7% | 25.2% | 26.3% | 1.5pp | 0.4pp |
| Net Margin | 8.5% | 5.4% | 3.8% | 3.1pp | 4.7pp |
| EPS (Diluted) | $0.17 | $0.12 | $0.21 | 41.7% | -19.0% |
| Free Cash Flow | $23M | $5M | -$12M | 383.4% | 290.1% |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $171M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | $18M |
| Operating Expenses | $46M |
| Cost & Expenses | $217M |
| OPERATING INCOME | $16M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $287.0K |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $14M |
| EBIT | $20M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $171M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | $18M |
| Operating Expenses | $46M |
| Cost & Expenses | $217M |
| OPERATING INCOME | $16M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $287.0K |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $14M |
| EBIT | $20M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $830.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$15.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $344M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $7M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $370M |
| PP&E (Net) | $660M |
| Goodwill | $2M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $669M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $124M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $79.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $320M |
| TOTAL LIABILITIES | $443M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$414M |
| Treasury Stock | -$27M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $595M |
| Minority Interest | $0 |
| TOTAL EQUITY | $595M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $359M |
| Net Debt | $15M |
