| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $942M | $911M | $1.1B | 3.5% | -11.8% |
| Op. Income | $28M | $12M | $82M | 140.4% | -65.9% |
| Gross Margin | 39.7% | 39.3% | 39.0% | 0.4pp | 0.7pp |
| Net Margin | 1.5% | -1.8% | 2.8% | 3.4pp | -1.3pp |
| EPS (Diluted) | $0.10 | $-0.12 | $0.20 | 181.6% | -51.1% |
| Free Cash Flow | -$179M | $41M | -$17M | -532.1% | -971.7% |
| Item | Amount |
|---|---|
| REVENUE | $942M |
| Cost of Revenue | $569M |
| GROSS PROFIT | $374M |
| R&D Expenses | $166M |
| Selling & Marketing | $122M |
| General & Administrative | $58M |
| SG&A Expenses | $180M |
| Other Expenses | $0 |
| Operating Expenses | $346M |
| Cost & Expenses | $914M |
| OPERATING INCOME | $28M |
| Interest Income | $16M |
| Interest Expense | $24M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $33M |
| EBIT | $41M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $942M |
| Cost of Revenue | $569M |
| GROSS PROFIT | $374M |
| R&D Expenses | $166M |
| Selling & Marketing | $122M |
| General & Administrative | $58M |
| SG&A Expenses | $180M |
| Other Expenses | $0 |
| Operating Expenses | $346M |
| Cost & Expenses | $914M |
| OPERATING INCOME | $28M |
| Interest Income | $16M |
| Interest Expense | $24M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $33M |
| EBIT | $41M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$252M |
| OPERATING CASH FLOW | -$159M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | -$179M |
| Net Change in Cash | -$208M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $883M |
| Short-Term Investments | $218M |
| Net Receivables | $1.1B |
| Inventory | $937M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $328M |
| Goodwill | $445M |
| Intangible Assets | $175M |
| Long-Term Investments | $134M |
| Tax Assets | $832M |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $317M |
| Short-Term Debt | $12M |
| Deferred Revenue | $179M |
| Other Current Liabilities | $328M |
| TOTAL CURRENT LIABILITIES | $871M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $78M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $171M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| 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 | $713M |
