| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $407M | $452M | $366M | -9.9% | 11.3% |
| Op. Income | -$24M | $11M | $5M | -324.2% | -594.5% |
| Gross Margin | 33.6% | 41.6% | 40.4% | -8.0pp | -6.8pp |
| Net Margin | -7.1% | 1.1% | 0.2% | -8.1pp | -7.2pp |
| EPS (Diluted) | $-0.54 | $0.09 | $0.01 | -705.4% | -5009.1% |
| Free Cash Flow | $14M | $75M | $9M | -80.6% | 67.7% |
| Item | Amount |
|---|---|
| REVENUE | $407M |
| Cost of Revenue | $271M |
| GROSS PROFIT | $137M |
| R&D Expenses | $0 |
| Selling & Marketing | $53M |
| General & Administrative | $109M |
| SG&A Expenses | $162M |
| Other Expenses | -$1M |
| Operating Expenses | $160M |
| Cost & Expenses | $431M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$754.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $21M |
| EBIT | -$25M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $19M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $137M |
| NET CASH FROM FINANCING | $154M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $198M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $62M |
| Net Receivables | $74M |
| Inventory | $0 |
| Other Current Assets | $968M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $179M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2.1B |
| Tax Assets | $148M |
| Other Non-Current Assets | $290M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $99M |
| Short-Term Debt | $62M |
| Deferred Revenue | $375M |
| Other Current Liabilities | $4.0B |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $54.0K |
| Additional Paid-In Capital | $393M |
| Retained Earnings | $746M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$269M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $870M |
| Minority Interest | $0 |
| TOTAL EQUITY | $870M |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $66M |
| Net Debt | -$1.3B |
