Q3 2024 Earnings

Reported December 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2024	Q2 2024	Q3 2023	QoQ Change	YoY Change
Revenue	$399M	$641M	$407M	-37.8%	-2.0%
Op. Income	$14M	$144M	-$288M	-90.5%	104.8%
Gross Margin	64.6%	65.4%	81.1%	-0.8pp	-16.5pp
Net Margin	-19.0%	9.4%	-76.7%	-28.5pp	57.7pp
EPS (Diluted)	$-0.40	$0.32	$-1.88	-225.0%	78.7%

Income Statement

Item	Amount
REVENUE	$399M
Cost of Revenue	$141M
GROSS PROFIT	$258M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$244M
Other Expenses	$0
Operating Expenses	$244M
Cost & Expenses	$385M
OPERATING INCOME	$14M
Interest Income	$0
Interest Expense	$83M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	-$77M
Income Tax Expense	-$688.0K
Net Income from Continuing Ops	-$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$76M
D&A	$76M
EBIT	$7M
EBITDA	$83M
EPS	-$0
EPS Diluted	-$0