| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $320M | $268M | $346M | 19.3% | -7.5% |
| Op. Income | $6M | -$26M | -$26M | 125.2% | 125.3% |
| Gross Margin | 32.0% | 30.3% | 21.9% | 1.7pp | 10.1pp |
| Net Margin | -10.0% | -14.1% | -10.2% | 4.1pp | 0.2pp |
| EPS (Diluted) | $-2.51 | $-2.99 | $-2.82 | 16.1% | 11.0% |
| Free Cash Flow | -$92M | -$115M | -$45M | 20.6% | -103.8% |
| Item | Amount |
|---|---|
| REVENUE | $320M |
| Cost of Revenue | $217M |
| GROSS PROFIT | $102M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $96M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $313M |
| OPERATING INCOME | $6M |
| Interest Income | $14.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $10M |
| EBIT | -$22M |
| EBITDA | -$12M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | -$1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $49M |
| Change in Working Capital | -$109M |
| OPERATING CASH FLOW | -$84M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $91M |
| Common Stock Repurchased | -$246.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $89M |
| FREE CASH FLOW | -$92M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $521M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $627M |
| PP&E (Net) | $275M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $294M |
| TOTAL ASSETS | $921M |
| Account Payables | $216M |
| Short-Term Debt | $384M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $699M |
| Long-Term Debt | $165M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $292M |
| TOTAL LIABILITIES | $990M |
| Common Stock | $1M |
| Additional Paid-In Capital | $152M |
| Retained Earnings | -$205M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$69M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$69M |
| TOTAL LIABILITIES & EQUITY | $921M |
| Total Debt | $660M |
| Net Debt | $651M |
