| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $436M | $465M | $462M | -6.2% | -5.6% |
| Op. Income | $66M | $48M | $33M | 37.5% | 100.0% |
| Gross Margin | 60.8% | 61.1% | 59.7% | -0.3pp | 1.0pp |
| Net Margin | 8.5% | 4.3% | 3.7% | 4.2pp | 4.8pp |
| EPS (Diluted) | $0.38 | $0.20 | $0.17 | 90.0% | 123.5% |
| Free Cash Flow | $39M | $21M | $46M | 85.7% | -15.2% |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $171M |
| GROSS PROFIT | $265M |
| R&D Expenses | $68M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $199M |
| Cost & Expenses | $370M |
| OPERATING INCOME | $66M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $26M |
| EBIT | $62M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $171M |
| GROSS PROFIT | $265M |
| R&D Expenses | $68M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $199M |
| Cost & Expenses | $370M |
| OPERATING INCOME | $66M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $26M |
| EBIT | $62M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | -$47M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$70M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $301M |
| Short-Term Investments | $0 |
| Net Receivables | $248M |
| Inventory | $22M |
| Other Current Assets | $94M |
| TOTAL CURRENT ASSETS | $665M |
| PP&E (Net) | $216M |
| Goodwill | $395M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $206M |
| Other Non-Current Assets | $140M |
| TOTAL NON-CURRENT ASSETS | $957M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $85M |
| Short-Term Debt | $25M |
| Deferred Revenue | $529M |
| Other Current Liabilities | $99M |
| TOTAL CURRENT LIABILITIES | $889M |
| Long-Term Debt | $467M |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $122M |
| TOTAL NON-CURRENT LIABILITIES | $658M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$133M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $0 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $610M |
| Net Debt | $309M |
