| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.2B | -2.6% | -9.6% |
| Op. Income | $35M | $50M | $109M | -30.2% | -68.0% |
| Gross Margin | 22.0% | 23.7% | 27.1% | -1.6pp | -5.1pp |
| Net Margin | 3.2% | 0.9% | 5.9% | 2.2pp | -2.8pp |
| EPS (Diluted) | $0.03 | $0.01 | $0.07 | 228.6% | -53.1% |
| Free Cash Flow | $34M | $56M | $121M | -38.6% | -71.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $826M |
| GROSS PROFIT | $233M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $133M |
| Other Expenses | $0 |
| Operating Expenses | $198M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $35M |
| Interest Income | $10M |
| Interest Expense | $37M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $276M |
| EBIT | $74M |
| EBITDA | $310M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $826M |
| GROSS PROFIT | $233M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $133M |
| Other Expenses | $0 |
| Operating Expenses | $198M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $35M |
| Interest Income | $10M |
| Interest Expense | $37M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $276M |
| EBIT | $74M |
| EBITDA | $310M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$242M |
| NET CASH FROM INVESTING | -$243M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$382M |
| NET CASH FROM FINANCING | -$382M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | -$601M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $474M |
| Short-Term Investments | $137M |
| Net Receivables | $374M |
| Inventory | $0 |
| Other Current Assets | $413M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $213M |
| Goodwill | $558M |
| Intangible Assets | $3.1B |
| Long-Term Investments | $300M |
| Tax Assets | $0 |
| Other Non-Current Assets | $940M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $948M |
| Short-Term Debt | $643M |
| Deferred Revenue | $631M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.0K |
| Other Non-Current Liabilities | $139M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $63.0K |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | -$6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $203M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $10M |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $2.0B |
| Net Debt | $1.5B |
