| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $454M | $425M | $454M | 6.8% | -0.0% |
| Op. Income | -$781.0K | -$2M | $27M | 65.7% | -102.9% |
| Gross Margin | 22.5% | 19.7% | 22.9% | 2.8pp | -0.4pp |
| Net Margin | -3.0% | -2.4% | 2.4% | -0.5pp | -5.4pp |
| EPS (Diluted) | $-0.15 | $-0.12 | $0.12 | -25.0% | -225.0% |
| Free Cash Flow | $15M | $7M | -$4M | 108.1% | 438.8% |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $352M |
| GROSS PROFIT | $102M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $29M |
| Operating Expenses | $103M |
| Cost & Expenses | $455M |
| OPERATING INCOME | -$781.0K |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $11M |
| EBIT | -$739.0K |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $75.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$614.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $193M |
| Inventory | $295M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $599M |
| PP&E (Net) | $365M |
| Goodwill | $940M |
| Intangible Assets | $295M |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $169M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $267M |
| Long-Term Debt | $802M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $53M |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $970M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $629M |
| Treasury Stock | -$729M |
| Accum. Other Comp. Income | -$130M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $996M |
| Minority Interest | $0 |
| TOTAL EQUITY | $996M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $895M |
| Net Debt | $842M |
