| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $181M | $157M | $169M | 15.3% | 7.0% |
| Op. Income | $16M | $11M | $36M | 42.7% | -56.3% |
| Gross Margin | 49.7% | 51.8% | 57.2% | -2.2pp | -7.5pp |
| Net Margin | 8.3% | 8.0% | 15.2% | 0.3pp | -6.9pp |
| EPS (Diluted) | $0.20 | $0.17 | $0.36 | 17.6% | -44.4% |
| Free Cash Flow | $13M | $28M | $26M | -54.0% | -50.6% |
| Item | Amount |
|---|---|
| REVENUE | $181M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $90M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $166M |
| OPERATING INCOME | $16M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $17M |
| EBIT | $21M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $181M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $90M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $166M |
| OPERATING INCOME | $16M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $17M |
| EBIT | $21M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $258.0K |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $187.0K |
| Purchases of Investments | -$175M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$65M |
| Net Debt Issuance | -$354.0K |
| Common Stock Repurchased | -$970.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $361M |
| Net Receivables | $120M |
| Inventory | $178M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $798M |
| PP&E (Net) | $180M |
| Goodwill | $330M |
| Intangible Assets | $93M |
| Long-Term Investments | $0 |
| Tax Assets | $214M |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $878M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $448M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $522M |
| TOTAL LIABILITIES | $631M |
| Common Stock | $72.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$235M |
| Treasury Stock | -$330.0K |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $480M |
| Net Debt | $365M |
