| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $911M | $1.0B | $1.1B | -12.2% | -19.6% |
| Op. Income | $12M | $90M | $112M | -87.0% | -89.5% |
| Gross Margin | 39.3% | 42.1% | 40.1% | -2.9pp | -0.8pp |
| Net Margin | -1.8% | 4.8% | 5.1% | -6.6pp | -6.9pp |
| EPS (Diluted) | $-0.12 | $0.34 | $0.38 | -135.3% | -131.6% |
| Free Cash Flow | $41M | $247M | $202M | -83.2% | -79.5% |
| Item | Amount |
|---|---|
| REVENUE | $911M |
| Cost of Revenue | $553M |
| GROSS PROFIT | $358M |
| R&D Expenses | $172M |
| Selling & Marketing | $124M |
| General & Administrative | $50M |
| SG&A Expenses | $174M |
| Other Expenses | $0 |
| Operating Expenses | $346M |
| Cost & Expenses | $899M |
| OPERATING INCOME | $12M |
| Interest Income | $15M |
| Interest Expense | $24M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $820.0K |
| 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 | $34M |
| EBIT | $8M |
| EBITDA | $42M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$151M |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$157M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$69M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$73M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | -$173M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $166M |
| Net Receivables | $1.0B |
| Inventory | $1.0B |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $305M |
| Goodwill | $445M |
| Intangible Assets | $185M |
| Long-Term Investments | $213M |
| Tax Assets | $822M |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $332M |
| Short-Term Debt | $12M |
| Deferred Revenue | $197M |
| Other Current Liabilities | $182M |
| TOTAL CURRENT LIABILITIES | $912M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $80M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $173M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | -$3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $1.6B |
| Net Debt | $510M |
