| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $148M | $140M | $129M | 6.0% | 15.5% |
| Op. Income | $32M | $28M | $32M | 13.5% | -2.2% |
| Gross Margin | 53.5% | 54.5% | 62.0% | -1.0pp | -8.6pp |
| Net Margin | 19.6% | 19.1% | 22.1% | 0.5pp | -2.5pp |
| EPS (Diluted) | $1.72 | $1.58 | $1.69 | 8.9% | 1.8% |
| Free Cash Flow | $16M | -$9M | $36M | 272.1% | -54.7% |
| Item | Amount |
|---|---|
| REVENUE | $148M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $79M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $33M |
| SG&A Expenses | $34M |
| Other Expenses | $13M |
| Operating Expenses | $48M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $32M |
| Interest Income | $120M |
| Interest Expense | $64M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $3M |
| EBIT | $32M |
| EBITDA | $35M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $148M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $79M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $33M |
| SG&A Expenses | $34M |
| Other Expenses | $13M |
| Operating Expenses | $48M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $32M |
| Interest Income | $120M |
| Interest Expense | $64M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $3M |
| EBIT | $32M |
| EBITDA | $35M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | -$239M |
| NET CASH FROM INVESTING | -$251M |
| Net Debt Issuance | $279M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | $236M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $290M |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $502M |
| PP&E (Net) | $141M |
| Goodwill | $139M |
| Intangible Assets | $12M |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $421M |
| TOTAL NON-CURRENT ASSETS | $8.4B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $0 |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.8B |
| TOTAL CURRENT LIABILITIES | $6.8B |
| Long-Term Debt | $767M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $402M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $17M |
| Additional Paid-In Capital | $372M |
| Retained Earnings | $609M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$62M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $936M |
| Minority Interest | $0 |
| TOTAL EQUITY | $936M |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $769M |
| Net Debt | $582M |
