| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $489M | $442M | $397M | 10.6% | 23.2% |
| Op. Income | $55M | $57M | $31M | -4.2% | 75.2% |
| Gross Margin | 67.7% | 69.5% | 66.8% | -1.7pp | 0.9pp |
| Net Margin | 38.6% | 11.7% | 6.9% | 26.9pp | 31.7pp |
| EPS (Diluted) | $2.59 | $0.73 | $0.39 | 254.8% | 564.1% |
| Free Cash Flow | $64M | $64M | $26M | 1.1% | 148.3% |
| Item | Amount |
|---|---|
| REVENUE | $489M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $331M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $223M |
| Other Expenses | $0 |
| Operating Expenses | $276M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $55M |
| Interest Income | $9M |
| Interest Expense | $11M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | -$138M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $19M |
| EBIT | $62M |
| EBITDA | $81M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $489M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $331M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $223M |
| Other Expenses | $0 |
| Operating Expenses | $276M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $55M |
| Interest Income | $9M |
| Interest Expense | $11M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | -$138M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $191M |
| D&A | $19M |
| EBIT | $62M |
| EBITDA | $81M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $189M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$134M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | $70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $716M |
| Short-Term Investments | $106M |
| Net Receivables | $349M |
| Inventory | $431M |
| Other Current Assets | $131M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $678M |
| Goodwill | $52M |
| Intangible Assets | $99M |
| Long-Term Investments | $0 |
| Tax Assets | $141M |
| Other Non-Current Assets | $181M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $77M |
| Short-Term Debt | $38M |
| Deferred Revenue | $22M |
| Other Current Liabilities | $258M |
| TOTAL CURRENT LIABILITIES | $486M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$138M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $998M |
| Minority Interest | $0 |
| TOTAL EQUITY | $998M |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $1.4B |
| Net Debt | $682M |
