| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $591M | $497M | $400M | 19.0% | 47.9% |
| Op. Income | -$172M | -$209M | -$360M | 17.8% | 52.1% |
| Gross Margin | 64.5% | 58.0% | 44.1% | 6.5pp | 20.3pp |
| Net Margin | -28.2% | -34.6% | -80.7% | 6.4pp | 52.5pp |
| EPS (Diluted) | $-0.54 | $-0.57 | $-1.10 | 5.3% | 50.9% |
| Free Cash Flow | $36M | $63M | -$63M | -43.6% | 156.6% |
| Item | Amount |
|---|---|
| REVENUE | $591M |
| Cost of Revenue | $210M |
| GROSS PROFIT | $381M |
| R&D Expenses | $0 |
| Selling & Marketing | $161M |
| General & Administrative | $133M |
| SG&A Expenses | $294M |
| Other Expenses | $259M |
| Operating Expenses | $553M |
| Cost & Expenses | $763M |
| OPERATING INCOME | -$172M |
| Interest Income | $0 |
| Interest Expense | $85M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$168M |
| Income Tax Expense | -$700.0K |
| Net Income from Continuing Ops | -$167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$167M |
| D&A | $27M |
| EBIT | -$83M |
| EBITDA | -$56M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$167M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $90M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $184M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$97M |
| Sales/Maturities of Investments | $220M |
| Other Investing Activities | -$709M |
| NET CASH FROM INVESTING | -$625M |
| Net Debt Issuance | $530M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | $506M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $914M |
| Net Receivables | $5.3B |
| Inventory | $0 |
| Other Current Assets | $411M |
| TOTAL CURRENT ASSETS | $7.7B |
| PP&E (Net) | $395M |
| Goodwill | $541M |
| Intangible Assets | $17M |
| Long-Term Investments | $73M |
| Tax Assets | $23M |
| Other Non-Current Assets | $267M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $60M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $135M |
| Long-Term Debt | $6.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $6.3B |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $5.6B |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $6.2B |
| Net Debt | $5.2B |
