| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $259M | $255M | $214M | 1.8% | 20.8% |
| Op. Income | $49M | $49M | $35M | -1.6% | 37.5% |
| Gross Margin | 62.0% | 63.7% | 67.8% | -1.8pp | -5.9pp |
| Net Margin | 15.0% | 15.5% | 13.4% | -0.5pp | 1.6pp |
| EPS (Diluted) | $0.69 | $0.70 | $0.51 | -1.4% | 35.3% |
| Free Cash Flow | -$53M | $62M | -$28M | -185.1% | -85.9% |
| Item | Amount |
|---|---|
| REVENUE | $259M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $71M |
| SG&A Expenses | $75M |
| Other Expenses | $37M |
| Operating Expenses | $112M |
| Cost & Expenses | $210M |
| OPERATING INCOME | $49M |
| Interest Income | $220M |
| Interest Expense | $95M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $8M |
| EBIT | $49M |
| EBITDA | $56M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $259M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $71M |
| SG&A Expenses | $75M |
| Other Expenses | $37M |
| Operating Expenses | $112M |
| Cost & Expenses | $210M |
| OPERATING INCOME | $49M |
| Interest Income | $220M |
| Interest Expense | $95M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $8M |
| EBIT | $49M |
| EBITDA | $56M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$564.0K |
| Other Non-Cash Items | -$72M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | -$111M |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | $125M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | $130M |
| FREE CASH FLOW | -$53M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $852M |
| Short-Term Investments | $750M |
| Net Receivables | $106M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $281M |
| Goodwill | $992M |
| Intangible Assets | $88M |
| Long-Term Investments | $13.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $702M |
| TOTAL NON-CURRENT ASSETS | $15.8B |
| TOTAL ASSETS | $17.5B |
| Account Payables | $0 |
| Short-Term Debt | $233M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.3B |
| TOTAL CURRENT LIABILITIES | $14.5B |
| Long-Term Debt | $429M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $239M |
| TOTAL NON-CURRENT LIABILITIES | $668M |
| TOTAL LIABILITIES | $15.2B |
| Common Stock | $296M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$98M |
| Accum. Other Comp. Income | -$154M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $17.5B |
| Total Debt | $661M |
| Net Debt | -$190M |
