| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $396M | $403M | $476M | -1.6% | -16.7% |
| Op. Income | -$60M | -$16M | -$7M | -286.6% | -814.6% |
| Gross Margin | 26.4% | 24.7% | 27.4% | 1.7pp | -1.1pp |
| Net Margin | -26.4% | -0.4% | -1.5% | -26.0pp | -24.9pp |
| EPS (Diluted) | $-3.45 | $-0.05 | $-0.24 | -6800.0% | -1337.5% |
| Free Cash Flow | -$8M | -$22M | $4M | 64.3% | -290.5% |
| Item | Amount |
|---|---|
| REVENUE | $396M |
| Cost of Revenue | $292M |
| GROSS PROFIT | $104M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $97M |
| Other Expenses | $67M |
| Operating Expenses | $164M |
| Cost & Expenses | $456M |
| OPERATING INCOME | -$60M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$58M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | -$105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$105M |
| D&A | $8M |
| EBIT | -$286.0K |
| EBITDA | $7M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$105M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $46M |
| Other Non-Cash Items | $63M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $193.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $242M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $301M |
| PP&E (Net) | $142M |
| Goodwill | $25M |
| Intangible Assets | $7M |
| Long-Term Investments | $40M |
| Tax Assets | $1M |
| Other Non-Current Assets | $208M |
| TOTAL NON-CURRENT ASSETS | $423M |
| TOTAL ASSETS | $724M |
| Account Payables | $36M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $178M |
| TOTAL NON-CURRENT LIABILITIES | $228M |
| TOTAL LIABILITIES | $386M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $358M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $338M |
| Minority Interest | $0 |
| TOTAL EQUITY | $338M |
| TOTAL LIABILITIES & EQUITY | $724M |
| Total Debt | $62M |
| Net Debt | $35M |
