| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $141M | $190M | -11.9% | -34.7% |
| Op. Income | $23M | $17M | $53M | 36.1% | -57.5% |
| Gross Margin | 68.3% | 68.3% | 69.7% | -0.0pp | -1.4pp |
| Net Margin | 18.2% | 10.5% | 26.6% | 7.7pp | -8.4pp |
| EPS (Diluted) | $0.16 | $0.11 | $0.36 | 45.5% | -55.6% |
| Free Cash Flow | $11M | $22M | $64M | -47.2% | -82.0% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $85M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $3M |
| Operating Expenses | $62M |
| Cost & Expenses | $102M |
| OPERATING INCOME | $23M |
| Interest Income | $933.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $11M |
| EBIT | $25M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $85M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $3M |
| Operating Expenses | $62M |
| Cost & Expenses | $102M |
| OPERATING INCOME | $23M |
| Interest Income | $933.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $11M |
| EBIT | $25M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $450.0K |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $109M |
| Short-Term Investments | $0 |
| Net Receivables | $103M |
| Inventory | $102M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $353M |
| PP&E (Net) | $68M |
| Goodwill | $315M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $57M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $474M |
| TOTAL ASSETS | $828M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $48M |
| TOTAL LIABILITIES | $129M |
| Common Stock | $1M |
| Additional Paid-In Capital | $516M |
| Retained Earnings | $185M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $699M |
| Minority Interest | $0 |
| TOTAL EQUITY | $699M |
| TOTAL LIABILITIES & EQUITY | $828M |
| Total Debt | $19M |
| Net Debt | -$90M |
