| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $249M | $218M | $229M | 14.1% | 8.7% |
| Op. Income | $33M | $22M | $26M | 48.3% | 27.7% |
| Gross Margin | 38.8% | 38.6% | 37.9% | 0.3pp | 0.9pp |
| Net Margin | 9.3% | 6.9% | 7.8% | 2.4pp | 1.5pp |
| EPS (Diluted) | $0.90 | $0.59 | $0.69 | 52.5% | 30.4% |
| Free Cash Flow | -$932.0K | -$2M | -$5M | 54.4% | 81.7% |
| Item | Amount |
|---|---|
| REVENUE | $249M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $9M |
| Operating Expenses | $64M |
| Cost & Expenses | $216M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $14M |
| EBIT | $32M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $249M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $9M |
| Operating Expenses | $64M |
| Cost & Expenses | $216M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $14M |
| EBIT | $32M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $19M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$932.0K |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $327M |
| Inventory | $211M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $622M |
| PP&E (Net) | $200M |
| Goodwill | $536M |
| Intangible Assets | $415M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $82M |
| Short-Term Debt | $20M |
| Deferred Revenue | $107M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $289M |
| Long-Term Debt | $171M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $81M |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $329M |
| TOTAL LIABILITIES | $618M |
| Common Stock | $308.0K |
| Additional Paid-In Capital | $308M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$146M |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $226M |
| Net Debt | $167M |
