| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $870M | $1.1B | $638M | -20.9% | 36.3% |
| Op. Income | $21M | $205M | -$2M | -89.6% | 957.8% |
| Gross Margin | 51.4% | 59.9% | 47.3% | -8.5pp | 4.1pp |
| Net Margin | 3.5% | 15.0% | 0.1% | -11.6pp | 3.3pp |
| EPS (Diluted) | $0.18 | $0.99 | $0.00 | -81.8% | 4400.0% |
| Free Cash Flow | $301M | $203M | $188M | 47.9% | 60.2% |
| Item | Amount |
|---|---|
| REVENUE | $870M |
| Cost of Revenue | $423M |
| GROSS PROFIT | $447M |
| R&D Expenses | $0 |
| Selling & Marketing | $155M |
| General & Administrative | $271M |
| SG&A Expenses | $426M |
| Other Expenses | $0 |
| Operating Expenses | $426M |
| Cost & Expenses | $848M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $31M |
| EBIT | $21M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $870M |
| Cost of Revenue | $423M |
| GROSS PROFIT | $447M |
| R&D Expenses | $0 |
| Selling & Marketing | $155M |
| General & Administrative | $271M |
| SG&A Expenses | $426M |
| Other Expenses | $0 |
| Operating Expenses | $426M |
| Cost & Expenses | $848M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $31M |
| EBIT | $21M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $241M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $301M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$93M |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $301M |
| Net Change in Cash | $230M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $2.5B |
| Net Receivables | $41M |
| Inventory | $87M |
| Other Current Assets | $403M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $904M |
| Goodwill | $105M |
| Intangible Assets | $25M |
| Long-Term Investments | $795M |
| Tax Assets | $57M |
| Other Non-Current Assets | $268M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $109M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $371M |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.8B |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $266M |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $511M |
| Net Debt | -$1.4B |
