| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $680M | $681M | $549M | -0.1% | 24.0% |
| Op. Income | -$140M | $118M | $126M | -218.3% | -210.9% |
| Gross Margin | 100.0% | 21.9% | 29.4% | 78.1pp | 70.6pp |
| Net Margin | -18.0% | 14.8% | 41.6% | -32.7pp | -59.6pp |
| EPS (Diluted) | $-1.09 | $0.88 | $1.93 | -223.9% | -156.5% |
| Free Cash Flow | $125M | $317M | $193M | -60.5% | -35.0% |
| Item | Amount |
|---|---|
| REVENUE | $680M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $680M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $796M |
| Operating Expenses | $820M |
| Cost & Expenses | $820M |
| OPERATING INCOME | -$140M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$140M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | -$122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$122M |
| D&A | $0 |
| EBIT | -$132M |
| EBITDA | -$132M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$122M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $230M |
| OPERATING CASH FLOW | $126M |
| Capital Expenditure | -$700.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$979M |
| Sales/Maturities of Investments | $799M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$180M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $125M |
| Net Change in Cash | -$73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $743M |
| Short-Term Investments | $370M |
| Net Receivables | $4.5B |
| Inventory | $0 |
| Other Current Assets | -$7.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $11.8B |
| Account Payables | $1.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.9B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $449M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$449M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $9.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $504M |
| Treasury Stock | -$106M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $11.8B |
| Total Debt | $449M |
| Net Debt | -$294M |
