| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $357M | $406M | $435M | -12.0% | -18.0% |
| Op. Income | -$533.0K | $30M | $52M | -101.8% | -101.0% |
| Gross Margin | 8.6% | 16.0% | 22.1% | -7.4pp | -13.5pp |
| Net Margin | -1.0% | 4.9% | 9.0% | -5.9pp | -10.0pp |
| EPS (Diluted) | $-0.03 | $0.18 | $0.34 | -119.1% | -110.1% |
| Free Cash Flow | $68M | $40M | $5M | 68.3% | 1249.6% |
| Item | Amount |
|---|---|
| REVENUE | $357M |
| Cost of Revenue | $326M |
| GROSS PROFIT | $31M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $2M |
| Operating Expenses | $31M |
| Cost & Expenses | $358M |
| OPERATING INCOME | -$533.0K |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $438.0K |
| INCOME BEFORE TAX | -$95.0K |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $60M |
| EBIT | $2M |
| EBITDA | $62M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $58M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$61.0K |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $68M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $8M |
| Net Receivables | $221M |
| Inventory | $19M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $327M |
| PP&E (Net) | $1.1B |
| Goodwill | $27M |
| Intangible Assets | $67M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $159M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $296M |
| Long-Term Debt | $45M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $114M |
| TOTAL NON-CURRENT LIABILITIES | $241M |
| TOTAL LIABILITIES | $536M |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $890M |
| Retained Earnings | $85M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $976M |
| Minority Interest | $0 |
| TOTAL EQUITY | $976M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $176M |
| Net Debt | $109M |
