| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $303M | $263M | $711M | 15.2% | -57.3% |
| Op. Income | $2M | -$29M | $170M | 106.2% | -98.9% |
| Gross Margin | 45.2% | 43.9% | 45.5% | 1.3pp | -0.3pp |
| Net Margin | 3.6% | -6.1% | 22.1% | 9.7pp | -18.5pp |
| EPS (Diluted) | $0.08 | $-0.12 | $1.09 | 166.3% | -92.7% |
| Free Cash Flow | $117M | $42M | $225M | 180.7% | -47.9% |
| Item | Amount |
|---|---|
| REVENUE | $303M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $137M |
| R&D Expenses | $49M |
| Selling & Marketing | $52M |
| General & Administrative | $34M |
| SG&A Expenses | $85M |
| Other Expenses | $1M |
| Operating Expenses | $135M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $2M |
| Interest Income | $19M |
| Interest Expense | $2M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $383.0K |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $20M |
| EBIT | $3M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $303M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $137M |
| R&D Expenses | $49M |
| Selling & Marketing | $52M |
| General & Administrative | $34M |
| SG&A Expenses | $85M |
| Other Expenses | $1M |
| Operating Expenses | $135M |
| Cost & Expenses | $302M |
| OPERATING INCOME | $2M |
| Interest Income | $19M |
| Interest Expense | $2M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $383.0K |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $20M |
| EBIT | $3M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | $127M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$300M |
| Sales/Maturities of Investments | $282M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$704.0K |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $117M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $252M |
| Short-Term Investments | $1.4B |
| Net Receivables | $319M |
| Inventory | $176M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $171M |
| Goodwill | $213M |
| Intangible Assets | $57M |
| Long-Term Investments | $200M |
| Tax Assets | $279M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $925M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $80M |
| Short-Term Debt | $104M |
| Deferred Revenue | $124M |
| Other Current Liabilities | $203M |
| TOTAL CURRENT LIABILITIES | $530M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $353M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $182M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $993M |
| Retained Earnings | -$101M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $885M |
| Minority Interest | $0 |
| TOTAL EQUITY | $885M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $1.3B |
| Net Debt | $1.1B |
