| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $180M | $175M | $234M | 3.1% | -23.0% |
| Op. Income | $2M | -$13M | $20M | 111.5% | -92.3% |
| Gross Margin | 11.7% | 5.0% | 25.9% | 6.7pp | -14.2pp |
| Net Margin | -4.4% | -12.7% | 4.9% | 8.3pp | -9.3pp |
| EPS (Diluted) | $-0.49 | $-1.38 | $0.71 | 64.5% | -169.0% |
| Free Cash Flow | $6M | -$24M | $44M | 126.3% | -85.4% |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $159M |
| GROSS PROFIT | $21M |
| R&D Expenses | $300.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $2M |
| Interest Income | $600.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $200.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $23M |
| EBIT | $2M |
| EBITDA | $25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $200.0K |
| Other Non-Cash Items | $41M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $87M |
| Short-Term Investments | $0 |
| Net Receivables | $118M |
| Inventory | $32M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $251M |
| PP&E (Net) | $235M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $240M |
| TOTAL ASSETS | $491M |
| Account Payables | $80M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$25M |
| TOTAL CURRENT LIABILITIES | $152M |
| Long-Term Debt | $285M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $300.0K |
| TOTAL NON-CURRENT LIABILITIES | $330M |
| TOTAL LIABILITIES | $481M |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $555M |
| Retained Earnings | -$540M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $491M |
| Total Debt | $354M |
| Net Debt | $267M |
