| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $565M | $511M | $486M | 10.6% | 16.2% |
| Op. Income | $37M | -$6M | -$57M | 749.2% | 165.6% |
| Gross Margin | 85.6% | 84.0% | 82.2% | 1.6pp | 3.4pp |
| Net Margin | 5.8% | -3.1% | -14.6% | 8.9pp | 20.4pp |
| EPS (Diluted) | $0.11 | $-0.07 | $-0.31 | 267.7% | 135.5% |
| Free Cash Flow | $163M | $132M | $63M | 22.8% | 158.1% |
| Item | Amount |
|---|---|
| REVENUE | $565M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $484M |
| R&D Expenses | $160M |
| Selling & Marketing | $237M |
| General & Administrative | $50M |
| SG&A Expenses | $286M |
| Other Expenses | $0 |
| Operating Expenses | $447M |
| Cost & Expenses | $528M |
| OPERATING INCOME | $37M |
| Interest Income | $18M |
| Interest Expense | $17M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $18M |
| EBIT | $56M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $565M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $484M |
| R&D Expenses | $160M |
| Selling & Marketing | $237M |
| General & Administrative | $50M |
| SG&A Expenses | $286M |
| Other Expenses | $0 |
| Operating Expenses | $447M |
| Cost & Expenses | $528M |
| OPERATING INCOME | $37M |
| Interest Income | $18M |
| Interest Expense | $17M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $18M |
| EBIT | $56M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $86M |
| Deferred Income Tax | -$161M |
| Other Non-Cash Items | $181M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $186M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$177M |
| Sales/Maturities of Investments | $180M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$53M |
| NET CASH FROM FINANCING | -$95M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | $67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $679M |
| Short-Term Investments | $965M |
| Net Receivables | $196M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $213M |
| Goodwill | $185M |
| Intangible Assets | $7M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $381M |
| TOTAL NON-CURRENT ASSETS | $788M |
| TOTAL ASSETS | $2.7B |
| Account Payables | $40M |
| Short-Term Debt | $33M |
| Deferred Revenue | $894M |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $815M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$4.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $879.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$612M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$612M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.4B |
| Net Debt | $686M |
