| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $109M | $123M | $129M | -11.7% | -15.4% |
| Op. Income | $8M | $11M | $9M | -29.1% | -13.5% |
| Gross Margin | 28.9% | 29.6% | 26.5% | -0.7pp | 2.4pp |
| Net Margin | 5.4% | 6.5% | 5.0% | -1.1pp | 0.4pp |
| EPS (Diluted) | $0.20 | $0.27 | $0.22 | -25.9% | -9.1% |
| Free Cash Flow | $7M | $9M | $9M | -20.4% | -17.9% |
| Item | Amount |
|---|---|
| REVENUE | $109M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $453.0K |
| Other Income/Expenses | -$424.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $2M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $109M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $453.0K |
| Other Income/Expenses | -$424.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $2M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $855.0K |
| Deferred Income Tax | $90.0K |
| Other Non-Cash Items | $718.0K |
| Change in Working Capital | -$650.0K |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $26.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $384.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$873.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $74M |
| Inventory | $60M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $141M |
| PP&E (Net) | $36M |
| Goodwill | $45M |
| Intangible Assets | $61M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $146M |
| TOTAL ASSETS | $288M |
| Account Payables | $23M |
| Short-Term Debt | $4M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $153M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $40M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | $354.0K |
| Other Equity | $8M |
| TOTAL STOCKHOLDERS' EQUITY | $193M |
| Minority Interest | $0 |
| TOTAL EQUITY | $193M |
| TOTAL LIABILITIES & EQUITY | $288M |
| Total Debt | $33M |
| Net Debt | $31M |
