| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $151M | $147M | $153M | 2.9% | -1.2% |
| Op. Income | $52M | $55M | $63M | -6.0% | -17.8% |
| Gross Margin | 37.4% | 40.9% | 44.4% | -3.4pp | -6.9pp |
| Net Margin | 29.3% | 31.9% | 37.3% | -2.6pp | -8.0pp |
| EPS (Diluted) | $0.27 | $0.29 | $0.35 | -6.9% | -22.9% |
| Free Cash Flow | $31M | $66M | $69M | -53.6% | -55.6% |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $1.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $52M |
| Interest Income | $935.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $129.0K |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $28M |
| EBIT | $53M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $1.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $52M |
| Interest Income | $935.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $129.0K |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $28M |
| EBIT | $53M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $813.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$47M |
| Other Financing Activities | -$340.0K |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$434.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $0 |
| Net Receivables | $70M |
| Inventory | $37M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $196M |
| PP&E (Net) | $1.3B |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $21M |
| Short-Term Debt | $42M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $373M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $377M |
| TOTAL LIABILITIES | $445M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$198M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $5M |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $415M |
| Net Debt | $342M |
