| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $199M | $18M | -48.2% | 478.4% |
| Op. Income | $13M | $92M | -$89M | -86.1% | 114.4% |
| Gross Margin | 61.3% | 77.3% | -105.3% | -15.9pp | 166.6pp |
| Net Margin | -11.1% | 32.8% | -1058.6% | -43.9pp | 1047.6pp |
| EPS (Diluted) | $-0.04 | $0.25 | $-0.70 | -116.3% | 94.2% |
| Free Cash Flow | -$85M | -$58M | -$124M | -48.1% | 31.0% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $63M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | -$103.0K |
| Operating Expenses | $50M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $13M |
| Interest Income | $77M |
| Interest Expense | $91M |
| Other Income/Expenses | -$37M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $8M |
| EBIT | $130M |
| EBITDA | $138M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$88M |
| OPERATING CASH FLOW | -$72M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $26M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | $163M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $156M |
| FREE CASH FLOW | -$85M |
| Net Change in Cash | $107M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $0 |
| Net Receivables | $146M |
| Inventory | $125M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $433M |
| PP&E (Net) | $409M |
| Goodwill | $12M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $320M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $800M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $58M |
| Short-Term Debt | $22M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $161M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $86M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $182M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$344M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$344M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
