| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $490M | $521M | $776M | -6.0% | -36.9% |
| Op. Income | $50M | $78M | $17M | -35.6% | 197.3% |
| Gross Margin | 51.1% | 52.3% | 31.4% | -1.2pp | 19.7pp |
| Net Margin | -5.1% | -0.6% | -18.2% | -4.5pp | 13.2pp |
| EPS (Diluted) | $-0.14 | $-0.02 | $-0.81 | -758.9% | 82.7% |
| Free Cash Flow | $72M | -$32M | -$26M | 320.8% | 375.6% |
| Item | Amount |
|---|---|
| REVENUE | $490M |
| Cost of Revenue | $239M |
| GROSS PROFIT | $250M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $193M |
| Other Expenses | $0 |
| Operating Expenses | $200M |
| Cost & Expenses | $439M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | -$15M |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $28M |
| EBIT | $23M |
| EBITDA | $51M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $51M |
| OPERATING CASH FLOW | $93M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $590M |
| Short-Term Investments | $22M |
| Net Receivables | $816M |
| Inventory | $77M |
| Other Current Assets | $101M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $679M |
| Goodwill | $728M |
| Intangible Assets | $54M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $843M |
| Short-Term Debt | $118M |
| Deferred Revenue | $86M |
| Other Current Liabilities | $568M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $409.0K |
| Deferred Tax Liabilities | $194M |
| Other Non-Current Liabilities | $305M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $270M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.9B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$866M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$428M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$428M |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $2.5B |
| Net Debt | $1.9B |
