| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $189M | $174M | $213M | 8.5% | -11.4% |
| Op. Income | -$31M | -$36M | -$25M | 16.3% | -21.2% |
| Gross Margin | 28.8% | 29.0% | 33.4% | -0.2pp | -4.6pp |
| Net Margin | -18.3% | -22.7% | -14.8% | 4.4pp | -3.5pp |
| EPS (Diluted) | $-3.74 | $-4.29 | $-3.40 | 12.8% | -10.0% |
| Free Cash Flow | -$56M | -$83M | -$71M | 31.6% | 20.1% |
| Item | Amount |
|---|---|
| REVENUE | $189M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $54M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $85M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $219M |
| OPERATING INCOME | -$31M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | -$14M |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $8M |
| EBIT | -$31M |
| EBITDA | -$23M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $739.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $4.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $57M |
| Common Stock Repurchased | -$460.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $57M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | $42.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $379M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $454M |
| PP&E (Net) | $350M |
| Goodwill | $181M |
| Intangible Assets | $36M |
| Long-Term Investments | $0 |
| Tax Assets | $34M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $642M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $112M |
| Short-Term Debt | $70M |
| Deferred Revenue | $8M |
| Other Current Liabilities | -$5M |
| TOTAL CURRENT LIABILITIES | $262M |
| Long-Term Debt | $867M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $185.0K |
| Additional Paid-In Capital | $104M |
| Retained Earnings | -$335M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$231M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$231M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $1.1B |
| Net Debt | $1.1B |
