| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $162M | $117M | -82.2% | -75.3% |
| Op. Income | -$28M | $117M | $72M | -123.8% | -138.4% |
| Gross Margin | -26.3% | 76.9% | 70.1% | -103.2pp | -96.4pp |
| Net Margin | -96.0% | 71.8% | 61.7% | -167.8pp | -157.7pp |
| EPS (Diluted) | $-0.13 | $0.29 | $0.06 | -144.8% | -306.3% |
| Free Cash Flow | $79M | $95M | -$121M | -16.5% | 165.9% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $37M |
| GROSS PROFIT | -$8M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $4M |
| Operating Expenses | $20M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$28M |
| Interest Income | $195M |
| Interest Expense | $37M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $0 |
| EBIT | -$28M |
| EBITDA | -$28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $108M |
| Change in Working Capital | -$477.0K |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$81M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $79M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $93M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $131M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.7B |
| TOTAL NON-CURRENT ASSETS | $7.7B |
| TOTAL ASSETS | $7.8B |
| Account Payables | $55M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $413.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$496M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $7.8B |
| Total Debt | $2.5B |
| Net Debt | $2.4B |
