| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227M | — | $185M | — | 22.8% |
| Op. Income | $7M | — | $8M | — | -22.6% |
| Gross Margin | 9.3% | — | 12.3% | — | -3.0pp |
| Net Margin | 2.2% | — | 3.5% | — | -1.3pp |
| EPS (Diluted) | $0.06 | — | $0.08 | — | -22.0% |
| Free Cash Flow | -$35M | — | $4M | — | -884.5% |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $12M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $221M |
| OPERATING INCOME | $7M |
| Interest Income | $46.0K |
| Interest Expense | $879.0K |
| Other Income/Expenses | -$906.0K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $637.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $7M |
| EBIT | $7M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $12M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $221M |
| OPERATING INCOME | $7M |
| Interest Income | $46.0K |
| Interest Expense | $879.0K |
| Other Income/Expenses | -$906.0K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $637.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $7M |
| EBIT | $7M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $207.0K |
| Other Non-Cash Items | $482.0K |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $114M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $159M |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $12M |
| Long-Term Investments | $13M |
| Tax Assets | $5M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $105M |
| TOTAL ASSETS | $264M |
| Account Payables | $57M |
| Short-Term Debt | $48M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $84M |
| Retained Earnings | $32M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $112M |
| Minority Interest | $5M |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $264M |
| Total Debt | $72M |
| Net Debt | $61M |
