| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $282M | $306M | $185M | -7.7% | 53.0% |
| Op. Income | $48M | $84M | -$31M | -43.1% | 252.5% |
| Gross Margin | 32.7% | 32.3% | 4.1% | 0.4pp | 28.5pp |
| Net Margin | 13.3% | 21.7% | -21.5% | -8.4pp | 34.8pp |
| EPS (Diluted) | $0.18 | $0.30 | $-0.18 | -40.0% | 200.0% |
| Free Cash Flow | -$27M | $81M | $11M | -133.3% | -355.4% |
| Item | Amount |
|---|---|
| REVENUE | $282M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $92M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $11M |
| SG&A Expenses | $13M |
| Other Expenses | $32M |
| Operating Expenses | $45M |
| Cost & Expenses | $235M |
| OPERATING INCOME | $48M |
| Interest Income | $8M |
| Interest Expense | $4M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | -$13.0K |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $29M |
| EBIT | $59M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $282M |
| Cost of Revenue | $190M |
| GROSS PROFIT | $92M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $11M |
| SG&A Expenses | $13M |
| Other Expenses | $32M |
| Operating Expenses | $45M |
| Cost & Expenses | $235M |
| OPERATING INCOME | $48M |
| Interest Income | $8M |
| Interest Expense | $4M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | -$13.0K |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $29M |
| EBIT | $59M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | -$74M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $592M |
| Short-Term Investments | $4M |
| Net Receivables | $69M |
| Inventory | $260M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $940M |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $40M |
| Tax Assets | $52M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $212M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $248M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $257M |
| TOTAL NON-CURRENT LIABILITIES | $301M |
| TOTAL LIABILITIES | $550M |
| Common Stock | $850M |
| Additional Paid-In Capital | $32M |
| Retained Earnings | $853M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $22M |
| Net Debt | -$570M |
