| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $225M | $211M | $201M | 6.5% | 12.2% |
| Op. Income | $19M | $17M | $13M | 11.0% | 40.2% |
| Gross Margin | 10.5% | 10.0% | 15.5% | 0.5pp | -5.0pp |
| Net Margin | 7.0% | 10.0% | -1.6% | -3.0pp | 8.6pp |
| EPS (Diluted) | $0.15 | $0.21 | $-0.03 | -28.6% | 560.1% |
| Free Cash Flow | $18M | $14M | $24M | 27.8% | -28.0% |
| Item | Amount |
|---|---|
| REVENUE | $225M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | -$9M |
| General & Administrative | $14M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $813.0K |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $6M |
| EBIT | $19M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $225M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | -$9M |
| General & Administrative | $14M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $813.0K |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $6M |
| EBIT | $19M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $455.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $43M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $162M |
| PP&E (Net) | $30M |
| Goodwill | $0 |
| Intangible Assets | $539M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $595M |
| TOTAL ASSETS | $757M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $749.0K |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $124M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $144M |
| TOTAL LIABILITIES | $224M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $843M |
| Retained Earnings | -$311M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$210.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $533M |
| Minority Interest | $0 |
| TOTAL EQUITY | $533M |
| TOTAL LIABILITIES & EQUITY | $757M |
| Total Debt | $139M |
| Net Debt | $77M |
