| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | $72M | $62M | 5.7% | 22.1% |
| Op. Income | $15M | $13M | $10M | 12.9% | 53.9% |
| Gross Margin | 65.6% | 69.0% | 68.6% | -3.4pp | -3.0pp |
| Net Margin | 14.5% | 13.5% | 11.3% | 1.0pp | 3.2pp |
| EPS (Diluted) | $0.43 | $0.38 | $0.26 | 13.2% | 65.4% |
| Free Cash Flow | -$27M | -$39M | -$86M | 31.1% | 69.1% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $10M |
| Operating Expenses | $35M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $15M |
| Interest Income | $29M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $521.0K |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $10M |
| Operating Expenses | $35M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $15M |
| Interest Income | $29M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $521.0K |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $521.0K |
| Stock-Based Compensation | $662.0K |
| Deferred Income Tax | $774.0K |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$71.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$279M |
| Sales/Maturities of Investments | $92.0K |
| Other Investing Activities | $255M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $94M |
| NET CASH FROM FINANCING | $94M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $170M |
| Short-Term Investments | $28M |
| Net Receivables | $80M |
| Inventory | $0 |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $5M |
| Goodwill | $26M |
| Intangible Assets | $4M |
| Long-Term Investments | $99M |
| Tax Assets | $2M |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $199M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $46M |
| Short-Term Debt | $38M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $97M |
| Long-Term Debt | $614M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $628M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $517.0K |
| Additional Paid-In Capital | $216M |
| Retained Earnings | $38M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$137.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $274M |
| Minority Interest | $0 |
| TOTAL EQUITY | $274M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $658M |
| Net Debt | $489M |
