| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $325M | $297M | $280M | 9.5% | 15.9% |
| Op. Income | $34M | $25M | $17M | 38.9% | 97.9% |
| Gross Margin | 16.4% | 14.5% | 11.4% | 1.9pp | 4.9pp |
| Net Margin | 5.8% | 3.4% | 0.7% | 2.4pp | 5.1pp |
| EPS (Diluted) | $0.20 | $0.10 | $0.02 | 100.0% | 900.0% |
| Free Cash Flow | $28M | $31M | — | -9.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $325M |
| Cost of Revenue | $272M |
| GROSS PROFIT | $53M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $5M |
| Operating Expenses | $19M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $5M |
| EBIT | $34M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $325M |
| Cost of Revenue | $272M |
| GROSS PROFIT | $53M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $5M |
| Operating Expenses | $19M |
| Cost & Expenses | $291M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $5M |
| EBIT | $34M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $677.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$389.0K |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$632.0K |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $363M |
| Inventory | $96M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $561M |
| PP&E (Net) | $451M |
| Goodwill | $645M |
| Intangible Assets | $75M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $58M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $373M |
| Short-Term Debt | $106M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $524M |
| Long-Term Debt | $301M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $91M |
| TOTAL NON-CURRENT LIABILITIES | $414M |
| TOTAL LIABILITIES | $938M |
| Common Stock | $885M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$34M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $69.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $851M |
| Minority Interest | $0 |
| TOTAL EQUITY | $851M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $434M |
| Net Debt | $359M |
