| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $439M | $417M | $500M | 5.2% | -12.2% |
| Op. Income | -$126M | $9M | $43M | -1523.2% | -395.4% |
| Gross Margin | 70.0% | 70.5% | 72.9% | -0.5pp | -2.9pp |
| Net Margin | -26.9% | -0.1% | 5.4% | -26.8pp | -32.3pp |
| EPS (Diluted) | $-2.38 | $-0.01 | $0.54 | -21937.0% | -540.7% |
| Free Cash Flow | $43M | -$9M | $21M | 580.7% | 107.0% |
| Item | Amount |
|---|---|
| REVENUE | $439M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $307M |
| R&D Expenses | $0 |
| Selling & Marketing | $165M |
| General & Administrative | $118M |
| SG&A Expenses | $283M |
| Other Expenses | $149M |
| Operating Expenses | $433M |
| Cost & Expenses | $565M |
| OPERATING INCOME | -$126M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$132M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$118M |
| D&A | $18M |
| EBIT | -$125M |
| EBITDA | -$107M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$118M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $156M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | -$60.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $224M |
| Short-Term Investments | $9M |
| Net Receivables | $72M |
| Inventory | $244M |
| Other Current Assets | $106M |
| TOTAL CURRENT ASSETS | $654M |
| PP&E (Net) | $500M |
| Goodwill | $100M |
| Intangible Assets | $88M |
| Long-Term Investments | $681.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $243M |
| TOTAL NON-CURRENT ASSETS | $932M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $36M |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $309M |
| Long-Term Debt | $428M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $591M |
| TOTAL LIABILITIES | $900M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $621M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$117M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $686M |
| Minority Interest | $0 |
| TOTAL EQUITY | $686M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $529M |
| Net Debt | $304M |
