| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $296M | $333M | -28.8% | -36.5% |
| Op. Income | -$48M | $19M | $31M | -346.5% | -255.3% |
| Gross Margin | 56.6% | 61.7% | 57.6% | -5.1pp | -1.0pp |
| Net Margin | -30.5% | 1.3% | 6.7% | -31.9pp | -37.2pp |
| EPS (Diluted) | $-0.50 | $0.03 | $0.17 | -1750.2% | -394.1% |
| Free Cash Flow | -$74M | $29M | $46M | -357.2% | -260.5% |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $119M |
| R&D Expenses | $55M |
| Selling & Marketing | $88M |
| General & Administrative | $25M |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $167M |
| Cost & Expenses | $259M |
| OPERATING INCOME | -$48M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | -$623.0K |
| Net Income from Continuing Ops | -$64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64M |
| D&A | $8M |
| EBIT | -$61M |
| EBITDA | -$52M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$64M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$132.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | -$70M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $151M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $185M |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $506M |
| PP&E (Net) | $91M |
| Goodwill | $394M |
| Intangible Assets | $12M |
| Long-Term Investments | -$7M |
| Tax Assets | $7M |
| Other Non-Current Assets | $82M |
| TOTAL NON-CURRENT ASSETS | $579M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $81M |
| Short-Term Debt | $19M |
| Deferred Revenue | $300M |
| Other Current Liabilities | $74M |
| TOTAL CURRENT LIABILITIES | $528M |
| Long-Term Debt | $181M |
| Deferred Revenue NC | $259M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $492M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $148.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$888M |
| Treasury Stock | -$238M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $65M |
| Minority Interest | $0 |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $252M |
| Net Debt | $101M |
