| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $634M | $655M | $703M | -3.1% | -9.8% |
| Op. Income | $25M | $22M | $18M | 15.6% | 40.0% |
| Gross Margin | 18.0% | 16.0% | 14.4% | 1.9pp | 3.6pp |
| Net Margin | -0.4% | -4.3% | -0.9% | 3.8pp | 0.4pp |
| EPS (Diluted) | $-0.06 | $-0.60 | $-0.12 | 90.2% | 51.1% |
| Free Cash Flow | -$12M | -$70M | $34M | 83.3% | -134.0% |
| Item | Amount |
|---|---|
| REVENUE | $634M |
| Cost of Revenue | $520M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $89M |
| Cost & Expenses | $609M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $900.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $26M |
| EBIT | $15M |
| EBITDA | $42M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$400.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $25M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $294M |
| Inventory | $175M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $519M |
| PP&E (Net) | $675M |
| Goodwill | $100M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $849M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $333M |
| Short-Term Debt | $82M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $170M |
| TOTAL CURRENT LIABILITIES | $612M |
| Long-Term Debt | $456M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $140M |
| TOTAL NON-CURRENT LIABILITIES | $677M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $840M |
| Retained Earnings | -$610M |
| Treasury Stock | -$28M |
| Accum. Other Comp. Income | -$124M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $0 |
| TOTAL EQUITY | $79M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $640M |
| Net Debt | $628M |
