Reported December 30, 2023
| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $54M | $37M | -43.1% | -16.9% |
| Op. Income | -$5M | -$3M | -$3M | -83.4% | -100.1% |
| Gross Margin | -1.9% | 37.3% | 9.6% | -39.1pp | -11.4pp |
| Net Margin | -3.8% | 11.1% | -7.0% | -14.9pp | 3.2pp |
| EPS (Diluted) | $-0.01 | $0.06 | $-0.03 | -119.5% | 55.1% |
| Free Cash Flow | -$37M | $3M | -$3M | -1470.4% | -1219.0% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $32M |
| GROSS PROFIT | -$577.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $913.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$5M |
| Interest Income | $334.6K |
| Interest Expense | $922.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$656.4K |
| Income Tax Expense | $516.6K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $2M |
| EBIT | -$6M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$493.4K |
| Other Non-Cash Items | -$30M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $33M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | $41M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$64M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $5M |
| Net Receivables | $66M |
| Inventory | $101M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $224M |
| PP&E (Net) | $62M |
| Goodwill | $0 |
| Intangible Assets | $634.0K |
| Long-Term Investments | $522.0K |
| Tax Assets | $9M |
| Other Non-Current Assets | $365M |
| TOTAL NON-CURRENT ASSETS | $438M |
| TOTAL ASSETS | $661M |
| Account Payables | $36M |
| Short-Term Debt | $49M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $101M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $165M |
| TOTAL LIABILITIES | $263M |
| Common Stock | $320M |
| Additional Paid-In Capital | -$2M |
| Retained Earnings | $5M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | $84M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $398M |
| Minority Interest | $0 |
| TOTAL EQUITY | $398M |
| TOTAL LIABILITIES & EQUITY | $661M |
| Total Debt | $211M |
| Net Debt | $172M |