| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $699M | $638M | $622M | 9.7% | 12.4% |
| Op. Income | -$26M | -$107M | -$77M | 75.4% | 65.9% |
| Gross Margin | 69.8% | 70.0% | 74.8% | -0.2pp | -4.9pp |
| Net Margin | -2.3% | -17.3% | -13.0% | 15.0pp | 10.8pp |
| EPS (Diluted) | $-0.09 | $-0.60 | $-0.45 | 85.7% | 80.9% |
| Free Cash Flow | $71M | -$120M | $66M | 159.4% | 8.4% |
| Item | Amount |
|---|---|
| REVENUE | $699M |
| Cost of Revenue | $211M |
| GROSS PROFIT | $488M |
| R&D Expenses | $121M |
| Selling & Marketing | $212M |
| General & Administrative | $178M |
| SG&A Expenses | $389M |
| Other Expenses | $4M |
| Operating Expenses | $515M |
| Cost & Expenses | $726M |
| OPERATING INCOME | -$26M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $53M |
| EBIT | -$18M |
| EBITDA | $35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | $428.0K |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$148M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $237.0K |
| NET CASH FROM INVESTING | -$147M |
| Net Debt Issuance | $217M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $225M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | $184M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $530M |
| Short-Term Investments | $417M |
| Net Receivables | $264M |
| Inventory | $127M |
| Other Current Assets | $114M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $843M |
| Goodwill | $2.4B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $167M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $53M |
| Short-Term Debt | $249M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $669M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $327M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$943.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $2.8B |
| Net Debt | $2.2B |
