| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $158M | $153M | 17.0% | 21.1% |
| Op. Income | -$16M | -$27M | -$31M | 39.9% | 48.2% |
| Gross Margin | 22.5% | 18.1% | 20.4% | 4.4pp | 2.1pp |
| Net Margin | -7.8% | -16.5% | -17.9% | 8.7pp | 10.0pp |
| EPS (Diluted) | $-0.13 | $-0.23 | $-0.24 | 43.5% | 45.8% |
| Free Cash Flow | -$2M | -$12M | -$18M | 81.6% | 88.1% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $143M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $39M |
| SG&A Expenses | $39M |
| Other Expenses | $19M |
| Operating Expenses | $58M |
| Cost & Expenses | $201M |
| OPERATING INCOME | -$16M |
| Interest Income | $3M |
| Interest Expense | $197.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $90.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $17M |
| EBIT | -$14M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $90.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $245M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $2M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $266M |
| PP&E (Net) | $526M |
| Goodwill | $36M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $593M |
| TOTAL ASSETS | $859M |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $291M |
| TOTAL LIABILITIES | $389M |
| Common Stock | $114.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$826M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $470M |
| Minority Interest | $0 |
| TOTAL EQUITY | $470M |
| TOTAL LIABILITIES & EQUITY | $859M |
| Total Debt | $311M |
| Net Debt | $66M |
