| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $270M | $310M | — | -12.7% | — |
| Op. Income | -$233M | -$16M | — | -1351.9% | — |
| Gross Margin | 55.0% | 56.8% | — | -1.8pp | — |
| Net Margin | -160.3% | -15.9% | — | -144.4pp | — |
| EPS (Diluted) | $-14.35 | $-1.71 | — | -739.2% | — |
| Free Cash Flow | $107M | $134M | — | -20.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $270M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $178M |
| Other Expenses | $203M |
| Operating Expenses | $381M |
| Cost & Expenses | $503M |
| OPERATING INCOME | -$233M |
| Interest Income | $797.0K |
| Interest Expense | $34M |
| Other Income/Expenses | -$187M |
| INCOME BEFORE TAX | -$420M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | -$449M |
| Net Income from Discontinued Ops | $15M |
| Other Adjustments | $0 |
| NET INCOME | -$434M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$436M |
| D&A | $12M |
| EBIT | -$386M |
| EBITDA | -$375M |
| EPS | -$14 |
| EPS Diluted | -$14 |
| Item | Amount |
|---|---|
| Net Income | -$434M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $208M |
| Change in Working Capital | $302M |
| OPERATING CASH FLOW | $111M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$28M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | $107M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $0 |
| Net Receivables | $455M |
| Inventory | $97M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $813M |
| PP&E (Net) | $128M |
| Goodwill | $502M |
| Intangible Assets | $319M |
| Long-Term Investments | $1.4B |
| Tax Assets | $32M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $59M |
| Short-Term Debt | $20M |
| Deferred Revenue | $65M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $295M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $845M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $585M |
| Retained Earnings | -$799M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$218M |
| Minority Interest | $75M |
| TOTAL EQUITY | -$143M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $2.3B |
| Net Debt | $2.0B |
