| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $277M | $246M | $299M | 12.4% | -7.4% |
| Op. Income | $3M | -$19M | $8M | 117.3% | -58.4% |
| Gross Margin | 41.3% | 38.7% | 45.0% | 2.6pp | -3.7pp |
| Net Margin | 1.3% | -6.4% | 1.2% | 7.7pp | 0.2pp |
| EPS (Diluted) | $0.08 | $-0.34 | $0.08 | 123.9% | 6.9% |
| Free Cash Flow | $45M | $38M | $61M | 20.0% | -26.3% |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $114M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $111M |
| Cost & Expenses | $274M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $23M |
| EBIT | $3M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $114M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $111M |
| Cost & Expenses | $274M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $23M |
| EBIT | $3M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $557M |
| Short-Term Investments | $13M |
| Net Receivables | $241M |
| Inventory | $93M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $996M |
| PP&E (Net) | $137M |
| Goodwill | $735M |
| Intangible Assets | $260M |
| Long-Term Investments | $50M |
| Tax Assets | $41M |
| Other Non-Current Assets | $72M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $50M |
| Short-Term Debt | $0 |
| Deferred Revenue | $204M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $407M |
| Long-Term Debt | $571M |
| Deferred Revenue NC | $68M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $682M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $56.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $358M |
| Treasury Stock | -$290M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $615M |
| Net Debt | $59M |
