| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $329M | $272M | $303M | 20.9% | 8.5% |
| Op. Income | -$10M | -$19M | -$18M | 45.1% | 42.1% |
| Gross Margin | 17.0% | 18.0% | 16.2% | -0.9pp | 0.9pp |
| Net Margin | -2.9% | -4.9% | -6.2% | 1.9pp | 3.3pp |
| EPS (Diluted) | $-0.06 | $-0.08 | $-0.12 | 26.8% | 49.4% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $329M |
| Cost of Revenue | $273M |
| GROSS PROFIT | $56M |
| R&D Expenses | $6M |
| Selling & Marketing | $23M |
| General & Administrative | $23M |
| SG&A Expenses | $46M |
| Other Expenses | $14M |
| Operating Expenses | $66M |
| Cost & Expenses | $339M |
| OPERATING INCOME | -$10M |
| Interest Income | $2M |
| Interest Expense | $806.8K |
| Other Income/Expenses | $729.1K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $9.6K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2M |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $191M |
| Short-Term Investments | $85M |
| Net Receivables | $537M |
| Inventory | $98M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $960M |
| PP&E (Net) | $56M |
| Goodwill | $5M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $63M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $380M |
| Short-Term Debt | $86M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $535M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $64.4K |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $555M |
| Common Stock | $584 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$740M |
| Treasury Stock | -$419.4K |
| Accum. Other Comp. Income | -$974.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $467M |
| Minority Interest | $0 |
| TOTAL EQUITY | $467M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $120M |
| Net Debt | -$71M |
