| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $171M | $168M | $157M | 1.5% | 8.7% |
| Op. Income | $8M | $28M | $50M | -69.4% | -83.1% |
| Gross Margin | 10.6% | 10.2% | 17.9% | 0.4pp | -7.3pp |
| Net Margin | 4.7% | 16.1% | 31.8% | -11.4pp | -27.1pp |
| EPS (Diluted) | $0.23 | $0.78 | $1.30 | -70.5% | -82.3% |
| Free Cash Flow | $23M | $18M | $2M | 26.4% | 1144.3% |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $5M |
| Operating Expenses | $10M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $8M |
| Interest Income | $8M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $435.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $5M |
| Operating Expenses | $10M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $8M |
| Interest Income | $8M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $435.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $745M |
| Inventory | $0 |
| Other Current Assets | $475M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $83M |
| Long-Term Investments | $425M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $76M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$76M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $4M |
| Additional Paid-In Capital | $487M |
| Retained Earnings | $143M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $634M |
| Minority Interest | $0 |
| TOTAL EQUITY | $634M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $62M |
| Net Debt | $9M |
