| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $97M | $92M | $74M | 5.6% | 31.1% |
| Op. Income | $22M | $21M | $18M | 3.9% | 25.9% |
| Gross Margin | 49.0% | 48.4% | 50.6% | 0.6pp | -1.7pp |
| Net Margin | 7.9% | 2.4% | 0.8% | 5.4pp | 7.0pp |
| EPS (Diluted) | $0.09 | $0.03 | $0.01 | 234.4% | 1105.6% |
| Free Cash Flow | $5M | $8M | -$7M | -40.2% | 176.8% |
| Item | Amount |
|---|---|
| REVENUE | $97M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $48M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $5M |
| Operating Expenses | $25M |
| Cost & Expenses | $75M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| 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 | $10M |
| EBIT | $21M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $97M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $48M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $5M |
| Operating Expenses | $25M |
| Cost & Expenses | $75M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| 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 | $10M |
| EBIT | $21M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$856.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $611.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$285M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $39M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $85M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $234M |
| PP&E (Net) | $79M |
| Goodwill | $473M |
| Intangible Assets | $301M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $867M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $16M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $248M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $294M |
| TOTAL LIABILITIES | $342M |
| Common Stock | $897.0K |
| Additional Paid-In Capital | $790M |
| Retained Earnings | -$33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $47.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $758M |
| Minority Interest | $0 |
| TOTAL EQUITY | $758M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $260M |
| Net Debt | $187M |
