| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $660M | $494M | $319M | 33.5% | 107.0% |
| Op. Income | $49M | -$43M | -$230M | 211.9% | 121.2% |
| Gross Margin | 89.6% | 86.7% | 73.2% | 2.9pp | 16.4pp |
| Net Margin | -2.6% | -13.3% | -86.6% | 10.8pp | 84.0pp |
| EPS (Diluted) | $-0.13 | $-0.52 | $-2.21 | 75.0% | 94.1% |
| Free Cash Flow | $116M | -$94M | -$75M | 222.9% | 255.0% |
| Item | Amount |
|---|---|
| REVENUE | $660M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $591M |
| R&D Expenses | $294M |
| Selling & Marketing | $0 |
| General & Administrative | $248M |
| SG&A Expenses | $248M |
| Other Expenses | $0 |
| Operating Expenses | $543M |
| Cost & Expenses | $611M |
| OPERATING INCOME | $49M |
| Interest Income | $29M |
| Interest Expense | $33M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $15M |
| EBIT | $22M |
| EBITDA | $37M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $86M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $124M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$316M |
| Sales/Maturities of Investments | $358M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $131M |
| FREE CASH FLOW | $116M |
| Net Change in Cash | $287M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $968M |
| Short-Term Investments | $1.7B |
| Net Receivables | $309M |
| Inventory | $84M |
| Other Current Assets | $155M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $715M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $121M |
| TOTAL NON-CURRENT ASSETS | $837M |
| TOTAL ASSETS | $4.0B |
| Account Payables | $74M |
| Short-Term Debt | $62M |
| Deferred Revenue | $69M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $350M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $7.1B |
| Retained Earnings | -$7.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3M |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $2.7B |
| Net Debt | $1.7B |
