| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $133M | $135M | -36.6% | -37.5% |
| Op. Income | $42M | $91M | $95M | -54.0% | -55.8% |
| Gross Margin | 77.3% | 86.8% | 87.3% | -9.5pp | -10.0pp |
| Net Margin | 49.5% | 68.2% | 70.0% | -18.7pp | -20.5pp |
| EPS (Diluted) | $0.25 | $0.57 | $0.66 | -56.1% | -62.1% |
| Free Cash Flow | $59M | $65M | $133M | -8.4% | -55.7% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $65M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $19M |
| Operating Expenses | $23M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $42M |
| Interest Income | $118M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $96.0K |
| EBIT | $42M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $65M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $19M |
| Operating Expenses | $23M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $42M |
| Interest Income | $118M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $96.0K |
| EBIT | $42M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$378.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$378.0K |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $1M |
| Common Dividends Paid | -$50M |
| Other Financing Activities | -$36.0K |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $50M |
| Short-Term Debt | $105M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $156M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $163.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $119M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.8B |
| Net Debt | $1.7B |
