| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $3.4B | — | -45.4% | — |
| Op. Income | $42M | $80M | — | -47.5% | — |
| Gross Margin | 9.3% | 6.1% | — | 3.2pp | — |
| Net Margin | 1.7% | 1.9% | — | -0.2pp | — |
| EPS (Diluted) | $0.37 | $0.78 | — | -52.6% | — |
| Free Cash Flow | $72M | $49M | — | 45.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $172M |
| R&D Expenses | $35M |
| Selling & Marketing | $40M |
| General & Administrative | $56M |
| SG&A Expenses | $95M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $42M |
| Interest Income | $4M |
| Interest Expense | $10M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $3M |
| EBIT | $46M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $172M |
| R&D Expenses | $35M |
| Selling & Marketing | $40M |
| General & Administrative | $56M |
| SG&A Expenses | $95M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $42M |
| Interest Income | $4M |
| Interest Expense | $10M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $3M |
| EBIT | $46M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$262.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$248.0K |
| NET CASH FROM INVESTING | -$262.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $150.0K |
| NET CASH FROM FINANCING | -$914.0K |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $70M |
