| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $278M | $265M | $300M | 5.0% | -7.3% |
| Op. Income | $19M | $17M | $15M | 17.5% | 31.3% |
| Gross Margin | 54.5% | 56.1% | 55.2% | -1.6pp | -0.7pp |
| Net Margin | 5.4% | 4.6% | 3.4% | 0.7pp | 2.0pp |
| EPS (Diluted) | $0.13 | $0.11 | $0.09 | 18.2% | 38.7% |
| Free Cash Flow | -$945M | -$858M | -$107M | -10.1% | -781.7% |
| Item | Amount |
|---|---|
| REVENUE | $278M |
| Cost of Revenue | $127M |
| GROSS PROFIT | $152M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $57M |
| SG&A Expenses | $83M |
| Other Expenses | $49M |
| Operating Expenses | $132M |
| Cost & Expenses | $259M |
| OPERATING INCOME | $19M |
| Interest Income | $220M |
| Interest Expense | $91M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $13M |
| EBIT | $19M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $278M |
| Cost of Revenue | $127M |
| GROSS PROFIT | $152M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $57M |
| SG&A Expenses | $83M |
| Other Expenses | $49M |
| Operating Expenses | $132M |
| Cost & Expenses | $259M |
| OPERATING INCOME | $19M |
| Interest Income | $220M |
| Interest Expense | $91M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $13M |
| EBIT | $19M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$976M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$932M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $190M |
| Other Investing Activities | $325M |
| NET CASH FROM INVESTING | $487M |
| Net Debt Issuance | $317M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $313M |
| FREE CASH FLOW | -$945M |
| Net Change in Cash | -$133M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $938M |
| Short-Term Investments | $2.8B |
| Net Receivables | $123M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $189M |
| Goodwill | $76M |
| Intangible Assets | $10M |
| Long-Term Investments | $5.1B |
| Tax Assets | $145M |
| Other Non-Current Assets | $200M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $9.6B |
| Account Payables | $61M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.1B |
| TOTAL CURRENT LIABILITIES | $8.2B |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $104M |
| TOTAL NON-CURRENT LIABILITIES | $142M |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$362M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $9.6B |
| Total Debt | $38M |
| Net Debt | -$900M |
