| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $83M | $277M | — | -70.2% | — |
| Op. Income | -$3M | -$7M | — | 55.0% | — |
| Gross Margin | 32.0% | 11.4% | — | 20.7pp | — |
| Net Margin | -38.3% | -17.6% | — | -20.7pp | — |
| EPS (Diluted) | $-0.35 | $-0.55 | — | 36.4% | — |
| Free Cash Flow | $16M | $31M | — | -48.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $83M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $26M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $15M |
| Operating Expenses | $30M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$3M |
| Interest Income | $577.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | -$35M |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $6M |
| EBIT | -$3M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $3M |
| Net Receivables | $69M |
| Inventory | $0 |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $205M |
| PP&E (Net) | $106M |
| Goodwill | $51M |
| Intangible Assets | $201M |
| Long-Term Investments | $0 |
| Tax Assets | $87.0K |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $365M |
| TOTAL ASSETS | $570M |
| Account Payables | $60M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $187M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $47M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $282M |
| TOTAL LIABILITIES | $349M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $822M |
| Retained Earnings | -$600M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$809.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $220M |
| Minority Interest | $0 |
| TOTAL EQUITY | $220M |
| TOTAL LIABILITIES & EQUITY | $570M |
| Total Debt | $239M |
| Net Debt | $154M |
