| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $12M | $6M | 314.3% | 730.9% |
| Op. Income | $47M | $9M | $3M | 439.0% | 1440.0% |
| Gross Margin | 88.1% | 59.7% | 37.4% | 28.3pp | 50.7pp |
| Net Margin | 92.6% | 71.1% | 49.9% | 21.4pp | 42.6pp |
| EPS (Diluted) | $1.40 | $0.26 | $0.09 | 438.5% | 1455.6% |
| Free Cash Flow | -$60M | -$36M | $23M | -65.0% | -356.0% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | -$4M |
| Operating Expenses | -$2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $47M |
| Interest Income | $20M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $0 |
| EBIT | $47M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | -$4M |
| Operating Expenses | -$2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $47M |
| Interest Income | $20M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $0 |
| EBIT | $47M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $574.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$116M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$60M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $33M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$23.0K |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$60M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | -$3M |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $916M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $916M |
| TOTAL ASSETS | $928M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $410M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $489.0K |
| TOTAL NON-CURRENT LIABILITIES | $410M |
| TOTAL LIABILITIES | $453M |
| Common Stock | $34.0K |
| Additional Paid-In Capital | $406M |
| Retained Earnings | -$12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $81M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $476M |
| Minority Interest | $0 |
| TOTAL EQUITY | $476M |
| TOTAL LIABILITIES & EQUITY | $928M |
| Total Debt | $410M |
| Net Debt | $408M |
