| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $664M | $653M | — | 1.7% | — |
| Op. Income | -$56M | -$75M | — | 25.3% | — |
| Gross Margin | 41.6% | 39.7% | — | 1.9pp | — |
| Net Margin | -8.0% | -15.9% | — | 7.9pp | — |
| EPS (Diluted) | $-0.01 | $-0.03 | — | 55.3% | — |
| Free Cash Flow | $258M | -$22M | — | 1272.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $664M |
| Cost of Revenue | $388M |
| GROSS PROFIT | $276M |
| R&D Expenses | $104M |
| Selling & Marketing | $79M |
| General & Administrative | $130M |
| SG&A Expenses | $209M |
| Other Expenses | $19M |
| Operating Expenses | $332M |
| Cost & Expenses | $720M |
| OPERATING INCOME | -$56M |
| Interest Income | $45M |
| Interest Expense | $31M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | -$68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $34M |
| EBIT | -$20M |
| EBITDA | $14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $82M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $186M |
| OPERATING CASH FLOW | $272M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $62M |
| NET CASH FROM INVESTING | $48M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$34M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $88M |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | $258M |
| Net Change in Cash | $334M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $2.2B |
| Net Receivables | $518M |
| Inventory | $48M |
| Other Current Assets | $494M |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $483M |
| Goodwill | $0 |
| Intangible Assets | $914M |
| Long-Term Investments | $1.3B |
| Tax Assets | $56M |
| Other Non-Current Assets | $181M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $8.5B |
| Account Payables | $952M |
| Short-Term Debt | $55M |
| Deferred Revenue | $730M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $91M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $293M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $22.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$17.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $441M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $78M |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $295M |
| Net Debt | -$2.0B |
