| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $285M | $280M | $289M | 1.7% | -1.6% |
| Op. Income | $20M | $26M | $20M | -21.9% | 1.1% |
| Gross Margin | 38.7% | 40.7% | 35.5% | -1.9pp | 3.2pp |
| Net Margin | 2.9% | 4.4% | 2.3% | -1.4pp | 0.6pp |
| EPS (Diluted) | $0.08 | $0.12 | $0.06 | -34.6% | 23.4% |
| Free Cash Flow | $38M | $21M | $17M | 82.6% | 127.6% |
| Item | Amount |
|---|---|
| REVENUE | $285M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $77M |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $90M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $19M |
| EBIT | $21M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $285M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $77M |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $90M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $19M |
| EBIT | $21M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $117.0K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$184.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $253.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $128M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $217M |
| PP&E (Net) | $236M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $270M |
| TOTAL ASSETS | $487M |
| Account Payables | $68M |
| Short-Term Debt | $16M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $246M |
| Long-Term Debt | $280M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $431M |
| TOTAL LIABILITIES | $676M |
| Common Stock | $1M |
| Additional Paid-In Capital | $138M |
| Retained Earnings | -$327M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$500.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$189M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$189M |
| TOTAL LIABILITIES & EQUITY | $487M |
| Total Debt | $477M |
| Net Debt | $424M |
