| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $246M | $190M | $178M | 29.6% | 37.9% |
| Op. Income | $41M | $5M | $5M | 701.7% | 743.9% |
| Gross Margin | 20.9% | 10.1% | 21.1% | 10.8pp | -0.2pp |
| Net Margin | 11.3% | -3.0% | -8.8% | 14.4pp | 20.2pp |
| EPS (Diluted) | $0.04 | $-0.01 | $-0.03 | 579.6% | 271.5% |
| Free Cash Flow | $28M | -$31M | -$28M | 192.8% | 202.2% |
| Item | Amount |
|---|---|
| REVENUE | $246M |
| Cost of Revenue | $194M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$4M |
| Operating Expenses | $11M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $54M |
| EBIT | $49M |
| EBITDA | $103M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $246M |
| Cost of Revenue | $194M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$4M |
| Operating Expenses | $11M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $54M |
| EBIT | $49M |
| EBITDA | $103M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$84M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $49M |
| Inventory | $110M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $200M |
| PP&E (Net) | $2.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $38M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $81M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $156M |
| Long-Term Debt | $583M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $101M |
| Other Non-Current Liabilities | $121M |
| TOTAL NON-CURRENT LIABILITIES | $804M |
| TOTAL LIABILITIES | $960M |
| Common Stock | $157M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$490M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $590M |
| Net Debt | $566M |
