| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $202M | $199M | $196M | 1.5% | 3.2% |
| Op. Income | -$39M | -$28M | -$75M | -37.5% | 48.2% |
| Gross Margin | 29.2% | 27.1% | 19.2% | 2.1pp | 9.9pp |
| Net Margin | -15.0% | -23.0% | -44.2% | 8.0pp | 29.2pp |
| EPS (Diluted) | $-1.02 | $-1.54 | $-2.90 | 33.8% | 64.8% |
| Free Cash Flow | -$61M | -$45M | -$55M | -35.9% | -11.6% |
| Item | Amount |
|---|---|
| REVENUE | $202M |
| Cost of Revenue | $143M |
| GROSS PROFIT | $59M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $3M |
| Operating Expenses | $98M |
| Cost & Expenses | $241M |
| OPERATING INCOME | -$39M |
| Interest Income | $3M |
| Interest Expense | $16M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $12M |
| EBIT | -$39M |
| EBITDA | -$27M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$46M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $0 |
| Net Receivables | $124M |
| Inventory | $80M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $361M |
| PP&E (Net) | $400M |
| Goodwill | $111M |
| Intangible Assets | $10M |
| Long-Term Investments | $29M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $571M |
| TOTAL ASSETS | $932M |
| Account Payables | $47M |
| Short-Term Debt | $323M |
| Deferred Revenue | $17.3K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $531M |
| Long-Term Debt | $115M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $155M |
| TOTAL LIABILITIES | $686M |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$254M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $244M |
| Minority Interest | $2M |
| TOTAL EQUITY | $246M |
| TOTAL LIABILITIES & EQUITY | $932M |
| Total Debt | $490M |
| Net Debt | $347M |
