| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $481M | $317M | $541M | 51.7% | -11.0% |
| Op. Income | $106M | $18M | $116M | 494.3% | -9.0% |
| Gross Margin | 51.3% | 50.3% | 50.2% | 1.0pp | 1.1pp |
| Net Margin | 15.7% | 4.9% | 16.1% | 10.8pp | -0.5pp |
| EPS (Diluted) | $1.34 | $0.28 | $1.52 | 378.6% | -11.8% |
| Free Cash Flow | -$31M | -$52M | $26M | 40.0% | -221.4% |
| Item | Amount |
|---|---|
| REVENUE | $481M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $247M |
| R&D Expenses | $104M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $2M |
| Operating Expenses | $141M |
| Cost & Expenses | $375M |
| OPERATING INCOME | $106M |
| Interest Income | $4M |
| Interest Expense | $243.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $12M |
| EBIT | $108M |
| EBITDA | $120M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $481M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $247M |
| R&D Expenses | $104M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $2M |
| Operating Expenses | $141M |
| Cost & Expenses | $375M |
| OPERATING INCOME | $106M |
| Interest Income | $4M |
| Interest Expense | $243.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $12M |
| EBIT | $108M |
| EBITDA | $120M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $810.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$135M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $57.0K |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$57.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$43M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $278M |
| Short-Term Investments | $35M |
| Net Receivables | $272M |
| Inventory | $329M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $315M |
| Goodwill | $436M |
| Intangible Assets | $34M |
| Long-Term Investments | $40M |
| Tax Assets | $44M |
| Other Non-Current Assets | $139M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $87M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $59M |
| TOTAL NON-CURRENT LIABILITIES | $195M |
| TOTAL LIABILITIES | $396M |
| Common Stock | $54.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $156M |
| Net Debt | -$122M |
