| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.2B | 3.3% | -5.4% |
| Op. Income | -$1.6B | -$111M | -$88M | -1374.8% | -1760.2% |
| Gross Margin | 64.8% | 62.0% | 62.2% | 2.8pp | 2.6pp |
| Net Margin | -178.8% | -11.7% | -19.9% | -167.1pp | -158.9pp |
| EPS (Diluted) | $-12.50 | $-0.79 | $-1.48 | -1482.3% | -744.6% |
| Free Cash Flow | $49M | $41M | $58M | 19.5% | -15.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $391M |
| GROSS PROFIT | $721M |
| R&D Expenses | $325M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $147M |
| Other Expenses | $1.9B |
| Operating Expenses | $2.4B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | -$1.6B |
| Interest Income | $13M |
| Interest Expense | $20M |
| Other Income/Expenses | -$339M |
| INCOME BEFORE TAX | -$2.0B |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | -$2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2.0B |
| D&A | $105M |
| EBIT | -$2.0B |
| EBITDA | -$1.9B |
| EPS | -$13 |
| EPS Diluted | -$13 |
| Item | Amount |
|---|---|
| Net Income | -$2.0B |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $112M |
| Deferred Income Tax | -$156M |
| Other Non-Cash Items | $1.9B |
| Change in Working Capital | $82M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $744M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$969M |
| NET CASH FROM FINANCING | -$226M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | -$188M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $920M |
| Short-Term Investments | $74M |
| Net Receivables | $657M |
| Inventory | $561M |
| Other Current Assets | $223M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $1.3B |
| Goodwill | $1.1B |
| Intangible Assets | $278M |
| Long-Term Investments | $217M |
| Tax Assets | $632M |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $199M |
| Short-Term Debt | $744M |
| Deferred Revenue | $238M |
| Other Current Liabilities | $582M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $331M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $7.3B |
| Retained Earnings | -$2.1B |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $2.9B |
| Net Debt | $2.0B |
