| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $463M | $341M | $403M | 35.8% | 15.1% |
| Op. Income | $67M | $26M | $50M | 161.1% | 34.0% |
| Gross Margin | 57.0% | 57.1% | 53.4% | -0.0pp | 3.7pp |
| Net Margin | 10.9% | 4.6% | 9.5% | 6.2pp | 1.4pp |
| EPS (Diluted) | $0.59 | $0.18 | $0.44 | 227.8% | 34.1% |
| Free Cash Flow | $42M | -$126M | $58M | 133.1% | -28.0% |
| Item | Amount |
|---|---|
| REVENUE | $463M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $264M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $197M |
| Other Expenses | $0 |
| Operating Expenses | $197M |
| Cost & Expenses | $396M |
| OPERATING INCOME | $67M |
| Interest Income | $0 |
| Interest Expense | $548.0K |
| Other Income/Expenses | -$157.0K |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $12M |
| EBIT | $67M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $463M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $264M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $197M |
| Other Expenses | $0 |
| Operating Expenses | $197M |
| Cost & Expenses | $396M |
| OPERATING INCOME | $67M |
| Interest Income | $0 |
| Interest Expense | $548.0K |
| Other Income/Expenses | -$157.0K |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $12M |
| EBIT | $67M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$611.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$28.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $213M |
| Short-Term Investments | $0 |
| Net Receivables | $159M |
| Inventory | $378M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $807M |
| PP&E (Net) | $212M |
| Goodwill | $73M |
| Intangible Assets | $137M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $425M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $175M |
| Short-Term Debt | $6M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $352M |
| Long-Term Debt | $76M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $175M |
| TOTAL LIABILITIES | $526M |
| Common Stock | $890.0K |
| Additional Paid-In Capital | $402M |
| Retained Earnings | $505M |
| Treasury Stock | -$201M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $706M |
| Minority Interest | $0 |
| TOTAL EQUITY | $706M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $177M |
| Net Debt | -$36M |
