Q3 2024 Earnings

Reported September 29, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2024	Q2 2024	Q3 2023	QoQ Change	YoY Change
Revenue	$1.3B	$1.1B	$1.2B	17.5%	8.7%
Op. Income	$36M	-$30M	-$381.6K	222.2%	9626.2%
Gross Margin	39.5%	56.0%	42.0%	-16.4pp	-2.5pp
Net Margin	-20.3%	-19.2%	-15.2%	-1.1pp	-5.1pp
EPS (Diluted)	$-0.87	$-0.84	$-0.60	-3.1%	-45.1%

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$763M
GROSS PROFIT	$499M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$462M
Other Expenses	$0
Operating Expenses	$462M
Cost & Expenses	$1.2B
OPERATING INCOME	$36M
Interest Income	$0
Interest Expense	$130M
Other Income/Expenses	-$266M
INCOME BEFORE TAX	-$230M
Income Tax Expense	$25M
Net Income from Continuing Ops	-$255M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$256M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$256M
D&A	$198M
EBIT	-$100M
EBITDA	$99M
EPS	-$1
EPS Diluted	-$1