| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $420M | $494M | $399M | -15.0% | 5.4% |
| Op. Income | $32M | $99M | $39M | -68.1% | -18.4% |
| Gross Margin | 12.8% | 23.8% | 13.7% | -11.1pp | -0.9pp |
| Net Margin | 4.7% | 15.6% | 6.7% | -10.8pp | -2.0pp |
| EPS (Diluted) | $0.39 | $1.53 | $0.53 | -74.5% | -26.4% |
| Free Cash Flow | $86M | -$69M | $66M | 225.4% | 30.5% |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $366M |
| GROSS PROFIT | $54M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $22M |
| Cost & Expenses | $388M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $8M |
| 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 | $10M |
| EBIT | $34M |
| EBITDA | $44M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $366M |
| GROSS PROFIT | $54M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $22M |
| Cost & Expenses | $388M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $8M |
| 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 | $10M |
| EBIT | $34M |
| EBITDA | $44M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$848.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$57M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$83M |
| FREE CASH FLOW | $86M |
| Net Change in Cash | $506.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $0 |
| Net Receivables | $478M |
| Inventory | $0 |
| Other Current Assets | $170M |
| TOTAL CURRENT ASSETS | $694M |
| PP&E (Net) | $261M |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $166M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $109M |
| Short-Term Debt | $38M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $218M |
| TOTAL CURRENT LIABILITIES | $468M |
| Long-Term Debt | $380M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $195M |
| TOTAL NON-CURRENT LIABILITIES | $802M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $846M |
| Retained Earnings | $952M |
| Treasury Stock | -$910M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $891M |
| Minority Interest | $0 |
| TOTAL EQUITY | $891M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $612M |
| Net Debt | $566M |
