| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.2B | $2.6B | 74.4% | -19.3% |
| Op. Income | -$579M | $318M | $3.5B | -282.1% | -116.5% |
| Gross Margin | 17.0% | 95.3% | 165.8% | -78.2pp | -148.8pp |
| Net Margin | -22.4% | 22.9% | 106.9% | -45.3pp | -129.3pp |
| EPS (Diluted) | $-6.23 | $3.43 | $33.35 | -281.6% | -118.7% |
| Free Cash Flow | $1.4B | $1.5B | $1.1B | -7.7% | 20.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $356M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $310M |
| SG&A Expenses | $310M |
| Other Expenses | $625M |
| Operating Expenses | $935M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | -$579M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$579M |
| Income Tax Expense | -$113M |
| Net Income from Continuing Ops | -$466M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$469M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$480M |
| D&A | $0 |
| EBIT | -$554M |
| EBITDA | -$554M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$466M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | $289M |
| Other Non-Cash Items | $2.0B |
| Change in Working Capital | -$505M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.4B |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | $265M |
| NET CASH FROM INVESTING | -$401M |
| Net Debt Issuance | -$179M |
| Common Stock Repurchased | -$114M |
| Common Dividends Paid | -$53M |
| Other Financing Activities | $716M |
| NET CASH FROM FINANCING | $359M |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $1.3B |
