| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $270M | $185M | $169M | 46.3% | 59.5% |
| Op. Income | -$21M | $43M | $44M | -149.6% | -148.9% |
| Gross Margin | 34.8% | 62.2% | 64.2% | -27.4pp | -29.4pp |
| Net Margin | -4.3% | 17.4% | 18.9% | -21.6pp | -23.2pp |
| EPS (Diluted) | $-0.11 | $0.43 | $0.43 | -125.6% | -125.6% |
| Free Cash Flow | $76M | $41M | $25M | 84.8% | 202.3% |
| Item | Amount |
|---|---|
| REVENUE | $270M |
| Cost of Revenue | $176M |
| GROSS PROFIT | $94M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $58M |
| SG&A Expenses | $59M |
| Other Expenses | $56M |
| Operating Expenses | $115M |
| Cost & Expenses | $291M |
| OPERATING INCOME | -$21M |
| Interest Income | $248M |
| Interest Expense | $106M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$10M |
| 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 | $13M |
| EBIT | -$21M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $65M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$977.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $659M |
| Other Investing Activities | $144M |
| NET CASH FROM INVESTING | $763M |
| Net Debt Issuance | -$321M |
| Common Stock Repurchased | $1M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$369M |
| NET CASH FROM FINANCING | -$707M |
| FREE CASH FLOW | $76M |
| Net Change in Cash | $132M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $290M |
| Short-Term Investments | $2.6B |
| Net Receivables | $94M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $127M |
| Goodwill | $0 |
| Intangible Assets | $852M |
| Long-Term Investments | $18.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $21.1B |
| TOTAL ASSETS | $24.1B |
| Account Payables | $0 |
| Short-Term Debt | $108M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.4B |
| TOTAL CURRENT LIABILITIES | $18.5B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $946M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $21.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $958M |
| Treasury Stock | -$129M |
| Accum. Other Comp. Income | -$140M |
| Other Equity | -$3M |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $24.1B |
| Total Debt | $2.2B |
| Net Debt | $1.9B |
