| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $753M | $688M | $628M | 9.4% | 19.9% |
| Op. Income | $55M | $43M | $42M | 27.9% | 31.0% |
| Gross Margin | 22.4% | 22.2% | 23.1% | 0.2pp | -0.6pp |
| Net Margin | 5.0% | 4.2% | 5.6% | 0.8pp | -0.5pp |
| EPS (Diluted) | $0.14 | $0.11 | $0.13 | 27.3% | 7.7% |
| Free Cash Flow | $0 | -$275M | -$24M | 100.0% | 100.0% |
| Item | Amount |
|---|---|
| REVENUE | $753M |
| Cost of Revenue | $584M |
| GROSS PROFIT | $169M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $107M |
| SG&A Expenses | $107M |
| Other Expenses | $7M |
| Operating Expenses | $114M |
| Cost & Expenses | $698M |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $23M |
| EBIT | $54M |
| EBITDA | $77M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $753M |
| Cost of Revenue | $584M |
| GROSS PROFIT | $169M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $107M |
| SG&A Expenses | $107M |
| Other Expenses | $7M |
| Operating Expenses | $114M |
| Cost & Expenses | $698M |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $23M |
| EBIT | $54M |
| EBITDA | $77M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $149M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $367M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $419M |
| Goodwill | $1.2B |
| Intangible Assets | $144M |
| Long-Term Investments | $0 |
| Tax Assets | $122M |
| Other Non-Current Assets | $91M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $263M |
| Short-Term Debt | $22M |
| Deferred Revenue | $348M |
| Other Current Liabilities | $163M |
| TOTAL CURRENT LIABILITIES | $896M |
| Long-Term Debt | $351M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $517M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.2B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $469M |
| Net Debt | $320M |
