| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $576M | $591M | $381M | -2.5% | 51.2% |
| Op. Income | -$161M | -$172M | -$310M | 6.6% | 48.1% |
| Gross Margin | 63.0% | 64.5% | 40.4% | -1.4pp | 22.6pp |
| Net Margin | -23.2% | -28.2% | -54.0% | 5.0pp | 30.7pp |
| EPS (Diluted) | $-0.43 | $-0.54 | $-0.69 | 20.4% | 37.7% |
| Free Cash Flow | $162M | $36M | -$85M | 354.5% | 290.7% |
| Item | Amount |
|---|---|
| REVENUE | $576M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $363M |
| R&D Expenses | $0 |
| Selling & Marketing | $133M |
| General & Administrative | $129M |
| SG&A Expenses | $262M |
| Other Expenses | $262M |
| Operating Expenses | $524M |
| Cost & Expenses | $737M |
| OPERATING INCOME | -$161M |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | -$133M |
| Income Tax Expense | $890.0K |
| Net Income from Continuing Ops | -$134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$134M |
| D&A | $37M |
| EBIT | -$43M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$134M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $77M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $153M |
| Change in Working Capital | $75M |
| OPERATING CASH FLOW | $208M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$268M |
| Sales/Maturities of Investments | $410M |
| Other Investing Activities | -$242M |
| NET CASH FROM INVESTING | -$147M |
| Net Debt Issuance | $186M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$74M |
| NET CASH FROM FINANCING | $112M |
| FREE CASH FLOW | $162M |
| Net Change in Cash | $172M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $781M |
| Net Receivables | $5.5B |
| Inventory | $0 |
| Other Current Assets | $347M |
| TOTAL CURRENT ASSETS | $7.9B |
| PP&E (Net) | $426M |
| Goodwill | $536M |
| Intangible Assets | $15M |
| Long-Term Investments | $73M |
| Tax Assets | $21M |
| Other Non-Current Assets | $192M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $6.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $5.7B |
| Retained Earnings | -$3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $6.4B |
| Net Debt | $5.1B |
