| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $158M | $188M | $173M | -16.1% | -9.1% |
| Op. Income | $6M | $38M | $44M | -84.3% | -86.4% |
| Gross Margin | 62.2% | 67.9% | 74.4% | -5.8pp | -12.2pp |
| Net Margin | 3.0% | 15.5% | 19.1% | -12.5pp | -16.0pp |
| EPS (Diluted) | $0.04 | $0.23 | $0.26 | -82.6% | -84.6% |
| Free Cash Flow | $44M | $65M | $20M | -32.3% | 118.1% |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $56M |
| SG&A Expenses | $59M |
| Other Expenses | $33M |
| Operating Expenses | $92M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $6M |
| Interest Income | $166M |
| Interest Expense | $60M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $6M |
| EBIT | $6M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $56M |
| SG&A Expenses | $59M |
| Other Expenses | $33M |
| Operating Expenses | $92M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $6M |
| Interest Income | $166M |
| Interest Expense | $60M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $6M |
| EBIT | $6M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $41M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | $3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$239M |
| Sales/Maturities of Investments | $313M |
| Other Investing Activities | $154M |
| NET CASH FROM INVESTING | $231M |
| Net Debt Issuance | -$158M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$25M |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | -$163M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $228M |
| Short-Term Investments | $1.0B |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $128M |
| Goodwill | $381M |
| Intangible Assets | $4M |
| Long-Term Investments | $12.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $553M |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $21M |
| Short-Term Debt | $242M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.1B |
| TOTAL CURRENT LIABILITIES | $12.4B |
| Long-Term Debt | $244M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $234M |
| TOTAL NON-CURRENT LIABILITIES | $478M |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $658M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$130M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $486M |
| Net Debt | $258M |
