| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $235M | $225M | $196M | 4.3% | 19.7% |
| Op. Income | $8M | $35M | $37M | -76.6% | -77.8% |
| Gross Margin | 65.7% | 66.6% | 69.1% | -0.9pp | -3.4pp |
| Net Margin | -11.8% | -7.1% | -5.5% | -4.7pp | -6.3pp |
| EPS (Diluted) | $-0.17 | $-0.10 | $-0.06 | -77.8% | -161.9% |
| Free Cash Flow | $9M | $5M | $29M | 66.0% | -70.3% |
| Item | Amount |
|---|---|
| REVENUE | $235M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $154M |
| R&D Expenses | $16M |
| Selling & Marketing | $46M |
| General & Administrative | $40M |
| SG&A Expenses | $86M |
| Other Expenses | $44M |
| Operating Expenses | $146M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $44M |
| EBIT | $8M |
| EBITDA | $53M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$909M |
| Common Stock Repurchased | -$619.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $159M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $271M |
| PP&E (Net) | $73M |
| Goodwill | $3.0B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $85M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $51M |
| Short-Term Debt | $13M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $126M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $131M |
| Other Non-Current Liabilities | $278.0K |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$245M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
