| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $379M | $380M | $341M | -0.2% | 11.1% |
| Op. Income | $5M | $33M | -$16M | -86.1% | 129.5% |
| Gross Margin | 24.0% | 32.5% | 17.6% | -8.6pp | 6.4pp |
| Net Margin | 1.0% | 7.0% | -3.8% | -6.0pp | 4.8pp |
| EPS (Diluted) | $0.09 | $0.64 | $-0.31 | -85.9% | 129.0% |
| Free Cash Flow | $40M | $75M | $68M | -46.0% | -40.4% |
| Item | Amount |
|---|---|
| REVENUE | $379M |
| Cost of Revenue | $288M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $86M |
| Operating Expenses | $86M |
| Cost & Expenses | $374M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $800.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $6M |
| EBIT | $13M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $379M |
| Cost of Revenue | $288M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $86M |
| Operating Expenses | $86M |
| Cost & Expenses | $374M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $800.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $6M |
| EBIT | $13M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$285M |
| Sales/Maturities of Investments | $258M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | -$105M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $105M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $463M |
| Net Receivables | $457M |
| Inventory | $0 |
| Other Current Assets | -$934M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $54M |
| Intangible Assets | $163M |
| Long-Term Investments | $6.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $14.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $547M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$547M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $13.1B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $516M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$528M |
| Accum. Other Comp. Income | -$283M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $14.3B |
| Total Debt | $547M |
| Net Debt | $532M |
