| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $177M | $154M | $148M | 14.6% | 19.6% |
| Op. Income | $8M | $5M | $11M | 56.1% | -23.1% |
| Gross Margin | 22.6% | 21.8% | 25.7% | 0.8pp | -3.1pp |
| Net Margin | 4.5% | 6.6% | 5.1% | -2.1pp | -0.5pp |
| EPS (Diluted) | $0.07 | $0.08 | $0.06 | -21.3% | 4.8% |
| Free Cash Flow | $87M | -$2M | $4M | 5238.6% | 2213.0% |
| Item | Amount |
|---|---|
| REVENUE | $177M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $40M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $169M |
| OPERATING INCOME | $8M |
| Interest Income | $511.5K |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$5M |
| 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 | $16M |
| EBIT | $8M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $177M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $40M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $169M |
| OPERATING INCOME | $8M |
| Interest Income | $511.5K |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$5M |
| 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 | $16M |
| EBIT | $8M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $83M |
| OPERATING CASH FLOW | $106M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$51M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $346M |
| Inventory | $7M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $429M |
| PP&E (Net) | $366M |
| Goodwill | $322M |
| Intangible Assets | $422M |
| Long-Term Investments | $0 |
| Tax Assets | $11M |
| Other Non-Current Assets | $190M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $158M |
| Short-Term Debt | $9M |
| Deferred Revenue | $220M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $427M |
| Long-Term Debt | $291M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $133M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $510M |
| TOTAL LIABILITIES | $937M |
| Common Stock | $702M |
| Additional Paid-In Capital | $25M |
| Retained Earnings | $61M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $802M |
| Minority Interest | $0 |
| TOTAL EQUITY | $802M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $367M |
| Net Debt | $333M |
