| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $415M | $94M | $424M | 342.7% | -2.1% |
| Op. Income | $161M | -$139M | $55M | 216.1% | 190.3% |
| Gross Margin | 88.9% | 48.0% | 86.9% | 40.9pp | 2.0pp |
| Net Margin | 39.1% | -157.2% | 13.7% | 196.3pp | 25.4pp |
| EPS (Diluted) | $0.99 | $-1.05 | $0.58 | 194.3% | 70.7% |
| Free Cash Flow | $311M | -$91M | -$180M | 442.7% | 273.1% |
| Item | Amount |
|---|---|
| REVENUE | $415M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $369M |
| R&D Expenses | $107M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $101M |
| Other Expenses | $0 |
| Operating Expenses | $208M |
| Cost & Expenses | $254M |
| OPERATING INCOME | $161M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $165M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $162M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $11M |
| EBIT | $169M |
| EBITDA | $180M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $415M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $369M |
| R&D Expenses | $107M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $101M |
| Other Expenses | $0 |
| Operating Expenses | $208M |
| Cost & Expenses | $254M |
| OPERATING INCOME | $161M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $165M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $162M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $11M |
| EBIT | $169M |
| EBITDA | $180M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $162M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $115M |
| OPERATING CASH FLOW | $314M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$370M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$373M |
| Net Debt Issuance | -$366.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $258M |
| FREE CASH FLOW | $311M |
| Net Change in Cash | $200M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $680M |
| Short-Term Investments | $369M |
| Net Receivables | $32M |
| Inventory | $9M |
| Other Current Assets | $112M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $458M |
| Goodwill | $123M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $615M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $80M |
| Short-Term Debt | $0 |
| Deferred Revenue | $666M |
| Other Current Liabilities | $243M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $169M |
| Deferred Revenue NC | $533M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $335M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | -$4.8B |
| Treasury Stock | -$94M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$432M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$432M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $233M |
| Net Debt | -$447M |
