| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $189M | $44M | $98M | 332.5% | 92.1% |
| Op. Income | $21M | -$11M | $14M | 299.1% | 46.5% |
| Gross Margin | 17.4% | 7.3% | 28.5% | 10.0pp | -11.1pp |
| Net Margin | 16.2% | -14.0% | 12.9% | 30.1pp | 3.3pp |
| EPS (Diluted) | $1.89 | $-0.38 | $0.83 | 597.4% | 127.7% |
| Free Cash Flow | $6M | $4M | $25M | 60.5% | -75.1% |
| Item | Amount |
|---|---|
| REVENUE | $189M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $33M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $168M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $300.0K |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $4M |
| EBIT | $37M |
| EBITDA | $41M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $189M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $33M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $168M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $300.0K |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $4M |
| EBIT | $37M |
| EBITDA | $41M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $500.0K |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$900.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$900.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$300.0K |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $195M |
| Other Current Assets | $136M |
| TOTAL CURRENT ASSETS | $593M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $35M |
| Long-Term Investments | $3M |
| Tax Assets | $22M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $668M |
| Account Payables | $34M |
| Short-Term Debt | $59M |
| Deferred Revenue | $257M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $390M |
| Long-Term Debt | $113M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $89M |
| TOTAL NON-CURRENT LIABILITIES | $202M |
| TOTAL LIABILITIES | $592M |
| Common Stock | $2M |
| Additional Paid-In Capital | $200M |
| Retained Earnings | -$125M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$400.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $668M |
| Total Debt | $172M |
| Net Debt | -$55M |
