| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $540M | $637M | $472M | -15.3% | 14.3% |
| Op. Income | $136M | $276M | -$18M | -50.7% | 873.9% |
| Gross Margin | 96.8% | 97.2% | 96.0% | -0.4pp | 0.8pp |
| Net Margin | 21.9% | 35.5% | 0.2% | -13.6pp | 21.6pp |
| EPS (Diluted) | $0.40 | $0.77 | $0.00 | -48.1% | 12021.2% |
| Free Cash Flow | $262M | $95M | $23M | 176.7% | 1015.8% |
| Item | Amount |
|---|---|
| REVENUE | $540M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $522M |
| R&D Expenses | $223M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $112M |
| Other Expenses | $52M |
| Operating Expenses | $386M |
| Cost & Expenses | $403M |
| OPERATING INCOME | $136M |
| Interest Income | $19M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $155M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $7M |
| EBIT | $188M |
| EBITDA | $195M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $540M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $522M |
| R&D Expenses | $223M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $112M |
| Other Expenses | $52M |
| Operating Expenses | $386M |
| Cost & Expenses | $403M |
| OPERATING INCOME | $136M |
| Interest Income | $19M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $155M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $7M |
| EBIT | $188M |
| EBITDA | $195M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $118M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $65M |
| Change in Working Capital | $58M |
| OPERATING CASH FLOW | $271M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$375M |
| Sales/Maturities of Investments | $167M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$217M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $262M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258M |
| Short-Term Investments | $931M |
| Net Receivables | $270M |
| Inventory | $21M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $465M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $523M |
| Tax Assets | $359M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $59M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $249M |
| TOTAL CURRENT LIABILITIES | $394M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $96M |
| TOTAL NON-CURRENT LIABILITIES | $291M |
| TOTAL LIABILITIES | $685M |
| Common Stock | $286.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$90M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $194M |
| Net Debt | -$64M |
