| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $102M | $164M | — | -37.6% | — |
| Op. Income | -$62M | $6M | — | -1078.8% | — |
| Gross Margin | 12.3% | 47.4% | — | -35.1pp | — |
| Net Margin | -47.1% | 3.0% | — | -50.2pp | — |
| EPS (Diluted) | $-1.43 | $0.15 | — | -1053.3% | — |
| Free Cash Flow | $3M | -$4M | — | 167.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $102M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $38M |
| SG&A Expenses | $41M |
| Other Expenses | $33M |
| Operating Expenses | $74M |
| Cost & Expenses | $164M |
| OPERATING INCOME | -$62M |
| Interest Income | $152M |
| Interest Expense | $71M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$62M |
| Income Tax Expense | -$14M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $2M |
| EBIT | -$62M |
| EBITDA | -$60M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $98M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$126M |
| Sales/Maturities of Investments | $181M |
| Other Investing Activities | -$290M |
| NET CASH FROM INVESTING | -$237M |
| Net Debt Issuance | $150M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $293M |
| NET CASH FROM FINANCING | $594M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $362M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $662M |
| Short-Term Investments | $10M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $672M |
| PP&E (Net) | $133M |
| Goodwill | $19M |
| Intangible Assets | $0 |
| Long-Term Investments | $9.0B |
| Tax Assets | $41M |
| Other Non-Current Assets | $537M |
| TOTAL NON-CURRENT ASSETS | $9.7B |
| TOTAL ASSETS | $10.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.1B |
| TOTAL CURRENT LIABILITIES | $8.1B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $165M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $4M |
| Additional Paid-In Capital | $343M |
| Retained Earnings | $569M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $903M |
| Minority Interest | $0 |
| TOTAL EQUITY | $903M |
| TOTAL LIABILITIES & EQUITY | $10.4B |
| Total Debt | $1.2B |
| Net Debt | $513M |
