| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $405M | $233M | $319M | 74.2% | 27.0% |
| Op. Income | $55M | -$22M | $53M | 346.7% | 4.3% |
| Gross Margin | 52.7% | 32.7% | 55.6% | 20.0pp | -2.9pp |
| Net Margin | 4.8% | -13.3% | 7.1% | 18.1pp | -2.3pp |
| EPS (Diluted) | $0.11 | $-0.19 | $0.14 | 157.9% | -21.4% |
| Free Cash Flow | -$29M | -$26M | -$30M | -11.7% | 4.5% |
| Item | Amount |
|---|---|
| REVENUE | $405M |
| Cost of Revenue | $192M |
| GROSS PROFIT | $214M |
| R&D Expenses | $8M |
| Selling & Marketing | $117M |
| General & Administrative | $33M |
| SG&A Expenses | $150M |
| Other Expenses | $0 |
| Operating Expenses | $159M |
| Cost & Expenses | $350M |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $6M |
| EBIT | $55M |
| EBITDA | $61M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $405M |
| Cost of Revenue | $192M |
| GROSS PROFIT | $214M |
| R&D Expenses | $8M |
| Selling & Marketing | $117M |
| General & Administrative | $33M |
| SG&A Expenses | $150M |
| Other Expenses | $0 |
| Operating Expenses | $159M |
| Cost & Expenses | $350M |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $6M |
| EBIT | $55M |
| EBITDA | $61M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13.0K |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $350M |
| Inventory | $0 |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $388M |
| PP&E (Net) | $45M |
| Goodwill | $29M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $750M |
| TOTAL NON-CURRENT ASSETS | $848M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $57M |
| Short-Term Debt | $43M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $184M |
| Long-Term Debt | $651M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $715M |
| TOTAL LIABILITIES | $899M |
| Common Stock | $2M |
| Additional Paid-In Capital | $574M |
| Retained Earnings | -$247M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $337M |
| Minority Interest | $0 |
| TOTAL EQUITY | $337M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $724M |
| Net Debt | $713M |
