| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $311M | $297M | 2.2% | 7.0% |
| Op. Income | $35M | $54M | $47M | -34.2% | -24.5% |
| Gross Margin | 53.6% | 53.8% | 53.1% | -0.2pp | 0.5pp |
| Net Margin | 7.8% | 13.2% | 11.2% | -5.4pp | -3.3pp |
| EPS (Diluted) | $0.48 | $0.80 | $0.64 | -40.0% | -25.0% |
| Free Cash Flow | $74M | $9M | $51M | 690.3% | 45.8% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $171M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $123M |
| Operating Expenses | $135M |
| Cost & Expenses | $283M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $23M |
| EBIT | $43M |
| EBITDA | $66M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $171M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $123M |
| Operating Expenses | $135M |
| Cost & Expenses | $283M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $23M |
| EBIT | $43M |
| EBITDA | $66M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $99M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $519.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $351M |
| Short-Term Investments | $0 |
| Net Receivables | $174M |
| Inventory | $286M |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $866M |
| PP&E (Net) | $308M |
| Goodwill | $465M |
| Intangible Assets | $251M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $117M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $80M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $125M |
| TOTAL CURRENT LIABILITIES | $264M |
| Long-Term Debt | $749M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $853M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $507.0K |
| Additional Paid-In Capital | $617M |
| Retained Earnings | $309M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $894M |
| Minority Interest | $0 |
| TOTAL EQUITY | $894M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $762M |
| Net Debt | $411M |
