| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $269M | $257M | $292M | 4.8% | -8.0% |
| Op. Income | $59M | $73M | $0 | -19.3% | — |
| Gross Margin | 47.2% | 47.0% | 50.9% | 0.2pp | -3.7pp |
| Net Margin | 3.9% | 11.7% | 5.3% | -7.8pp | -1.4pp |
| EPS (Diluted) | $1.33 | $3.74 | $1.95 | -64.4% | -31.8% |
| Free Cash Flow | -$118M | -$324M | -$464M | 63.6% | 74.6% |
| Item | Amount |
|---|---|
| REVENUE | $269M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $37M |
| Operating Expenses | $68M |
| Cost & Expenses | $210M |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| 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 | $2M |
| EBIT | $59M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $269M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $37M |
| Operating Expenses | $68M |
| Cost & Expenses | $210M |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| 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 | $2M |
| EBIT | $59M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$53M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | -$118M |
| Capital Expenditure | -$300.0K |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $196M |
| NET CASH FROM INVESTING | $171M |
| Net Debt Issuance | -$56M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | -$118M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $0 |
| Net Receivables | $9.5B |
| Inventory | $0 |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $10.3B |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $2.3B |
| Long-Term Investments | $31M |
| Tax Assets | $3M |
| Other Non-Current Assets | $379M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $13.1B |
| Account Payables | $0 |
| Short-Term Debt | $53M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $208M |
| Long-Term Debt | $11.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $961M |
| TOTAL NON-CURRENT LIABILITIES | $12.4B |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $557M |
| Retained Earnings | -$111M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $200.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $446M |
| Minority Interest | $0 |
| TOTAL EQUITY | $446M |
| TOTAL LIABILITIES & EQUITY | $13.1B |
| Total Debt | $11.5B |
| Net Debt | $11.3B |
