| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.0B | 12.4% | 40.6% |
| Op. Income | -$27M | -$63M | -$159M | 56.8% | 82.8% |
| Gross Margin | 42.9% | 40.9% | 40.6% | 2.1pp | 2.3pp |
| Net Margin | 0.3% | -2.5% | -11.2% | 2.8pp | 11.5pp |
| EPS (Diluted) | $0.01 | $-0.08 | $-0.30 | 115.5% | 104.1% |
| Free Cash Flow | $256M | $127M | -$112M | 101.8% | 328.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $820M |
| GROSS PROFIT | $616M |
| R&D Expenses | $99M |
| Selling & Marketing | $176M |
| General & Administrative | $253M |
| SG&A Expenses | $429M |
| Other Expenses | $116M |
| Operating Expenses | $644M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$27M |
| Interest Income | $40M |
| Interest Expense | $8M |
| Other Income/Expenses | $34M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $38M |
| EBIT | $15M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $86M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | $170M |
| OPERATING CASH FLOW | $276M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $23M |
| Purchases of Investments | -$978M |
| Sales/Maturities of Investments | $899M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | -$33M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $256M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $604M |
| Short-Term Investments | $1.2B |
| Net Receivables | $284M |
| Inventory | $0 |
| Other Current Assets | $596M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $617M |
| Goodwill | $255M |
| Intangible Assets | $51M |
| Long-Term Investments | $40M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $116M |
| Short-Term Debt | $429M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $578M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $87M |
| TOTAL NON-CURRENT LIABILITIES | $779M |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $10.9B |
| Retained Earnings | -$10.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $578M |
| Minority Interest | $0 |
| TOTAL EQUITY | $578M |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $1.2B |
| Net Debt | $560M |
