| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $180M | $261M | $218M | -31.1% | -17.3% |
| Op. Income | $148M | $230M | $190M | -35.4% | -22.0% |
| Gross Margin | 100.0% | 100.0% | 38.1% | 0.0pp | 61.9pp |
| Net Margin | 82.5% | 87.2% | 87.2% | -4.7pp | -4.7pp |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | NaN% | NaN% |
| Free Cash Flow | $28M | $115M | $25M | -75.3% | 13.1% |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $180M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $15M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $148M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$276.0K |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $83.0K |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | -$148M |
| EBIT | $297M |
| EBITDA | $132.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $180M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $15M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $148M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$276.0K |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $83.0K |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | -$148M |
| EBIT | $297M |
| EBITDA | $132.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $148M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$110M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$810M |
| NET CASH FROM INVESTING | -$811M |
| Net Debt Issuance | $747M |
| Common Stock Repurchased | -$69M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $35M |
| NET CASH FROM FINANCING | $712M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | -$69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $129M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $129M |
| PP&E (Net) | $85M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $35.3B |
| TOTAL NON-CURRENT ASSETS | $35.4B |
| TOTAL ASSETS | $35.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $35M |
| Other Current Liabilities | $4.9B |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $24.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.8B |
| TOTAL NON-CURRENT LIABILITIES | $32.6B |
| TOTAL LIABILITIES | $32.6B |
| Common Stock | $970.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $30M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $35.5B |
| Total Debt | $24.8B |
| Net Debt | $24.7B |
