| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $487M | $1.2B | $625M | -58.4% | -22.1% |
| Op. Income | -$23M | $132M | $37M | -117.0% | -160.8% |
| Gross Margin | 40.9% | 28.5% | 42.1% | 12.3pp | -1.2pp |
| Net Margin | -8.9% | -4.0% | -3.3% | -4.9pp | -5.7pp |
| EPS (Diluted) | $-0.16 | $-0.24 | $-0.07 | 33.3% | -125.4% |
| Free Cash Flow | -$122M | $83M | $36M | -247.3% | -435.3% |
| Item | Amount |
|---|---|
| REVENUE | $487M |
| Cost of Revenue | $288M |
| GROSS PROFIT | $199M |
| R&D Expenses | $0 |
| Selling & Marketing | $93M |
| General & Administrative | $96M |
| SG&A Expenses | $189M |
| Other Expenses | $32M |
| Operating Expenses | $222M |
| Cost & Expenses | $509M |
| OPERATING INCOME | -$23M |
| Interest Income | $5M |
| Interest Expense | $59M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | -$85M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $166M |
| EBIT | -$30M |
| EBITDA | $136M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $253M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $192M |
| Change in Working Capital | -$532M |
| OPERATING CASH FLOW | -$118M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$33M |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | -$162M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $293M |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | -$122M |
| Net Change in Cash | -$118M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $28M |
| Net Receivables | $915M |
| Inventory | -$28M |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $353M |
| Goodwill | $812M |
| Intangible Assets | $24M |
| Long-Term Investments | $534M |
| Tax Assets | $2.3B |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $231M |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $389M |
| Other Current Liabilities | $578M |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $117M |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $883M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $289M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $89M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$961M |
| Minority Interest | $158M |
| TOTAL EQUITY | -$803M |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $3.5B |
| Net Debt | $3.4B |
