Reported August 27, 2024
| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $182M | $189M | $160M | -3.3% | 14.0% |
| Op. Income | $39M | $49M | $36M | -20.0% | 9.9% |
| Gross Margin | 27.3% | 30.6% | 27.8% | -3.3pp | -0.6pp |
| Net Margin | -0.1% | -2.4% | -1.3% | 2.3pp | 1.2pp |
| EPS (Diluted) | $-0.00 | $-0.01 | $-0.00 | 98.0% | 94.6% |
| Free Cash Flow | $24M | $24M | $19M | -0.2% | 28.9% |
| Item | Amount |
|---|---|
| REVENUE | $182M |
| Cost of Revenue | $133M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$104.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$126.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$126.0K |
| D&A | $947.0K |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$125.7K |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $45M |
| NET CASH FROM FINANCING | $45M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $77M |
| Net Receivables | $17M |
| Inventory | $27M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $280M |
| PP&E (Net) | $321M |
| Goodwill | $0 |
| Intangible Assets | $298.0K |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $344M |
| TOTAL ASSETS | $624M |
| Account Payables | $33M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $721.0K |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $167M |
| TOTAL LIABILITIES | $287M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $551M |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$216M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $335M |
| Minority Interest | $2M |
| TOTAL EQUITY | $337M |
| TOTAL LIABILITIES & EQUITY | $624M |
| Total Debt | $193M |
| Net Debt | $52M |