| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $130M | $126M | $145M | 3.5% | -10.4% |
| Op. Income | $19M | $15M | $21M | 24.8% | -8.2% |
| Gross Margin | 35.9% | 35.2% | 35.4% | 0.6pp | 0.5pp |
| Net Margin | 11.3% | 8.8% | 8.9% | 2.5pp | 2.4pp |
| EPS (Diluted) | $0.48 | $0.36 | $0.41 | 33.3% | 17.1% |
| Free Cash Flow | $15M | $14M | $19M | 5.0% | -23.0% |
| Item | Amount |
|---|---|
| REVENUE | $130M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $47M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $111M |
| OPERATING INCOME | $19M |
| Interest Income | $1M |
| Interest Expense | $833.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $7M |
| EBIT | $19M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $130M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $47M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $111M |
| OPERATING INCOME | $19M |
| Interest Income | $1M |
| Interest Expense | $833.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $7M |
| EBIT | $19M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$615.0K |
| Other Non-Cash Items | -$210.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $161M |
| Short-Term Investments | $0 |
| Net Receivables | $85M |
| Inventory | $52M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $315M |
| PP&E (Net) | $116M |
| Goodwill | $156M |
| Intangible Assets | $97M |
| Long-Term Investments | $1M |
| Tax Assets | $27M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $411M |
| TOTAL ASSETS | $726M |
| Account Payables | $41M |
| Short-Term Debt | $4M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $65M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $110M |
| TOTAL LIABILITIES | $203M |
| Common Stock | $322M |
| Additional Paid-In Capital | $42M |
| Retained Earnings | $626M |
| Treasury Stock | -$467M |
| Accum. Other Comp. Income | $775.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $523M |
| Minority Interest | $0 |
| TOTAL EQUITY | $523M |
| TOTAL LIABILITIES & EQUITY | $726M |
| Total Debt | $92M |
| Net Debt | -$69M |
