| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $304M | $394M | $314M | -22.8% | -3.2% |
| Op. Income | $22M | $48M | $45M | -53.0% | -50.2% |
| Gross Margin | 18.8% | 21.6% | 23.3% | -2.8pp | -4.5pp |
| Net Margin | 4.2% | 7.9% | 11.7% | -3.7pp | -7.5pp |
| EPS (Diluted) | $0.28 | $0.67 | $0.80 | -58.2% | -65.0% |
| Free Cash Flow | $33M | $22M | $30M | 49.4% | 8.4% |
| Item | Amount |
|---|---|
| REVENUE | $304M |
| Cost of Revenue | $247M |
| GROSS PROFIT | $57M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $282M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $7M |
| EBIT | $23M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $304M |
| Cost of Revenue | $247M |
| GROSS PROFIT | $57M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $282M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $7M |
| EBIT | $23M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$650.0K |
| Other Non-Cash Items | $724.0K |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$116.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$272.4K |
| NET CASH FROM FINANCING | -$860.0K |
| FREE CASH FLOW | $33M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $0 |
| Net Receivables | $332M |
| Inventory | $172M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $621M |
| PP&E (Net) | $67M |
| Goodwill | $46M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $155M |
| TOTAL ASSETS | $776M |
| Account Payables | $257M |
| Short-Term Debt | $15M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $324M |
| Long-Term Debt | $195M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $202M |
| TOTAL LIABILITIES | $526M |
| Common Stock | $691.0K |
| Additional Paid-In Capital | $263M |
| Retained Earnings | $157M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$170M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $250M |
| Minority Interest | $0 |
| TOTAL EQUITY | $250M |
| TOTAL LIABILITIES & EQUITY | $776M |
| Total Debt | $209M |
| Net Debt | $114M |
