| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $659M | $576M | $446M | 14.4% | 47.9% |
| Op. Income | -$73M | -$161M | -$244M | 54.3% | 69.9% |
| Gross Margin | 67.6% | 63.0% | 49.9% | 4.6pp | 17.8pp |
| Net Margin | -6.8% | -23.2% | -46.2% | 16.4pp | 39.4pp |
| EPS (Diluted) | $-0.14 | $-0.43 | $-0.69 | 67.4% | 79.7% |
| Free Cash Flow | $31M | $162M | $19M | -81.1% | 61.1% |
| Item | Amount |
|---|---|
| REVENUE | $659M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $446M |
| R&D Expenses | $0 |
| Selling & Marketing | $135M |
| General & Administrative | $123M |
| SG&A Expenses | $259M |
| Other Expenses | $260M |
| Operating Expenses | $519M |
| Cost & Expenses | $733M |
| OPERATING INCOME | -$73M |
| Interest Income | $0 |
| Interest Expense | $95M |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $997.0K |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $65M |
| EBIT | $51M |
| EBITDA | $117M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $65M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $47M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | $69M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$525M |
| Sales/Maturities of Investments | $245M |
| Other Investing Activities | -$220M |
| NET CASH FROM INVESTING | -$538M |
| Net Debt Issuance | $188M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | $146M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$324M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $1.1B |
| Net Receivables | $5.7B |
| Inventory | $0 |
| Other Current Assets | $282M |
| TOTAL CURRENT ASSETS | $8.2B |
| PP&E (Net) | $450M |
| Goodwill | $533M |
| Intangible Assets | $14M |
| Long-Term Investments | $73M |
| Tax Assets | $21M |
| Other Non-Current Assets | $219M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $9.5B |
| Account Payables | $41M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $125M |
| Long-Term Debt | $6.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | -$3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $9.5B |
| Total Debt | $6.6B |
| Net Debt | $5.6B |
