| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $237M | $238M | $353M | -0.3% | -32.9% |
| Op. Income | -$18M | -$35M | $46M | 49.1% | -138.8% |
| Gross Margin | 46.0% | 45.1% | 52.9% | 0.9pp | -6.9pp |
| Net Margin | -3.8% | -23.4% | 6.2% | 19.6pp | -10.0pp |
| EPS (Diluted) | $-0.23 | $-1.43 | $0.55 | 83.9% | -141.8% |
| Free Cash Flow | $29M | -$91M | $40M | 131.5% | -28.0% |
| Item | Amount |
|---|---|
| REVENUE | $237M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $109M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $45M |
| Operating Expenses | $127M |
| Cost & Expenses | $255M |
| OPERATING INCOME | -$18M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $25M |
| EBIT | -$17M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $846M |
| Short-Term Investments | $3M |
| Net Receivables | $128M |
| Inventory | $125M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $117M |
| Goodwill | $816M |
| Intangible Assets | $270M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $222M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $83M |
| Short-Term Debt | $6M |
| Deferred Revenue | $61M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $253M |
| Long-Term Debt | $969M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$878M |
| Accum. Other Comp. Income | $200.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.0B |
| Net Debt | $178M |
