| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $125M | $115M | $140M | 8.1% | -10.9% |
| Op. Income | $3M | $5M | $19M | -36.0% | -84.0% |
| Gross Margin | 48.2% | 48.2% | 50.3% | -0.0pp | -2.0pp |
| Net Margin | 1.9% | 3.3% | 8.3% | -1.4pp | -6.4pp |
| EPS (Diluted) | $0.04 | $0.06 | $0.18 | -37.3% | -78.3% |
| Free Cash Flow | $10M | -$7M | $28M | 245.7% | -63.0% |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $60M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $3M |
| Operating Expenses | $57M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $3M |
| Interest Income | $551.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $551.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $3M |
| EBIT | $3M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $60M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $3M |
| Operating Expenses | $57M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $3M |
| Interest Income | $551.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $551.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $3M |
| EBIT | $3M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $778.0K |
| Other Non-Cash Items | $14.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $5.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4.0K |
| NET CASH FROM FINANCING | $4.0K |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $42M |
| Net Receivables | $898.0K |
| Inventory | $79M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $152M |
| PP&E (Net) | $211M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $484.0K |
| TOTAL NON-CURRENT ASSETS | $232M |
| TOTAL ASSETS | $384M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $144M |
| TOTAL LIABILITIES | $227M |
| Common Stock | $793.0K |
| Additional Paid-In Capital | $327M |
| Retained Earnings | -$41M |
| Treasury Stock | -$130M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $157M |
| Minority Interest | $0 |
| TOTAL EQUITY | $157M |
| TOTAL LIABILITIES & EQUITY | $384M |
| Total Debt | $177M |
| Net Debt | $155M |
