| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $229M | $230M | 0.3% | -0.2% |
| Op. Income | $21M | $19M | -$8M | 9.3% | 373.1% |
| Gross Margin | 50.9% | 51.0% | 48.9% | -0.1pp | 1.9pp |
| Net Margin | -1.5% | 0.7% | -18.2% | -2.2pp | 16.7pp |
| EPS (Diluted) | $-0.02 | $0.01 | $-0.19 | -333.3% | 91.5% |
| Free Cash Flow | -$9M | -$8M | -$31M | -14.2% | 71.8% |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $117M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $209M |
| OPERATING INCOME | $21M |
| Interest Income | $2M |
| Interest Expense | $18M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$260.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $29M |
| EBIT | $15M |
| EBITDA | $44M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $180.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $29.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | -$389.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$310.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $206M |
| Short-Term Investments | $25M |
| Net Receivables | $150M |
| Inventory | $161M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $624M |
| PP&E (Net) | $259M |
| Goodwill | $2.1B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $355M |
| Other Non-Current Assets | -$339M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $112M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $177M |
| Long-Term Debt | $887M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $355M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $35M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $563M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $889M |
| Net Debt | $684M |
