| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B | -0.4% | -0.5% |
| Op. Income | $2M | -$17M | $24M | 114.7% | -89.7% |
| Gross Margin | 38.1% | 37.8% | 38.7% | 0.3pp | -0.6pp |
| Net Margin | -1.6% | -3.0% | -1.0% | 1.4pp | -0.7pp |
| EPS (Diluted) | $-0.09 | $-0.17 | $-0.05 | 46.5% | -66.2% |
| Free Cash Flow | $42M | -$41M | $45M | 202.3% | -6.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $943M |
| GROSS PROFIT | $581M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $578M |
| Other Expenses | $0 |
| Operating Expenses | $578M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $2M |
| Interest Income | $672.0K |
| Interest Expense | $37M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $50M |
| EBIT | $3M |
| EBITDA | $53M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $89M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $69M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | -$159.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$266.0K |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $0 |
| Net Receivables | $47M |
| Inventory | $672M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $942M |
| PP&E (Net) | $2.1B |
| Goodwill | $980M |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $201M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $474M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $220M |
| Other Non-Current Liabilities | $127M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $274.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $3.0B |
| Net Debt | $2.9B |
