| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $94M | $108M | $161M | -13.4% | -41.8% |
| Op. Income | -$7M | $1M | $22M | -603.9% | -132.8% |
| Gross Margin | 47.8% | 6.8% | 53.8% | 41.0pp | -5.9pp |
| Net Margin | -10.9% | -1.6% | 10.5% | -9.3pp | -21.4pp |
| EPS (Diluted) | $-0.27 | $-0.05 | $0.46 | -454.4% | -158.7% |
| Free Cash Flow | $10M | $1M | $1M | 592.4% | 932.1% |
| Item | Amount |
|---|---|
| REVENUE | $94M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $34M |
| SG&A Expenses | $34M |
| Other Expenses | $18M |
| Operating Expenses | $52M |
| Cost & Expenses | $101M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $14M |
| EBIT | -$10M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$310.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $72M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $482M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $491M |
| TOTAL ASSETS | $595M |
| Account Payables | $29M |
| Short-Term Debt | $18M |
| Deferred Revenue | $126M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $196M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $279M |
| Common Stock | $426.0K |
| Additional Paid-In Capital | $187M |
| Retained Earnings | $129M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $316M |
| Minority Interest | $0 |
| TOTAL EQUITY | $316M |
| TOTAL LIABILITIES & EQUITY | $595M |
| Total Debt | $60M |
| Net Debt | $54M |
