| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $300M | $232M | — | 28.9% | — |
| Op. Income | -$3M | $38M | — | -108.8% | — |
| Gross Margin | 52.2% | 63.6% | — | -11.4pp | — |
| Net Margin | -2.1% | 11.3% | — | -13.4pp | — |
| EPS (Diluted) | $-0.03 | $0.16 | — | -119.7% | — |
| Free Cash Flow | $107M | $50M | — | 112.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $143M |
| GROSS PROFIT | $156M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $97M |
| SG&A Expenses | $99M |
| Other Expenses | $61M |
| Operating Expenses | $160M |
| Cost & Expenses | $303M |
| OPERATING INCOME | -$3M |
| Interest Income | $266M |
| Interest Expense | $96M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $13M |
| EBIT | -$3M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $108M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $989M |
| Other Investing Activities | $61M |
| NET CASH FROM INVESTING | $1.0B |
| Net Debt Issuance | -$766M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$194M |
| NET CASH FROM FINANCING | -$994M |
| FREE CASH FLOW | $107M |
| Net Change in Cash | $139M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $889M |
| Short-Term Investments | $4.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $79M |
| Goodwill | $915M |
| Intangible Assets | $143M |
| Long-Term Investments | $17.9B |
| Tax Assets | $319M |
| Other Non-Current Assets | $866M |
| TOTAL NON-CURRENT ASSETS | $20.3B |
| TOTAL ASSETS | $25.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.2B |
| TOTAL CURRENT LIABILITIES | $21.2B |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $572M |
| TOTAL NON-CURRENT LIABILITIES | $619M |
| TOTAL LIABILITIES | $21.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$496M |
| Other Equity | -$129M |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $25.5B |
| Total Debt | $47M |
| Net Debt | -$843M |
