| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $584M | $556M | $481M | 5.0% | 21.4% |
| Op. Income | -$111M | -$162M | -$207M | 31.5% | 46.4% |
| Gross Margin | 75.2% | 73.2% | 71.4% | 2.0pp | 3.8pp |
| Net Margin | -13.9% | -20.0% | -43.4% | 6.1pp | 29.6pp |
| EPS (Diluted) | $-0.49 | $-0.68 | $-1.32 | 27.9% | 62.9% |
| Free Cash Flow | $149M | $49M | $6M | 204.1% | 2383.3% |
| Item | Amount |
|---|---|
| REVENUE | $584M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $439M |
| R&D Expenses | $165M |
| Selling & Marketing | $270M |
| General & Administrative | $111M |
| SG&A Expenses | $381M |
| Other Expenses | $4M |
| Operating Expenses | $550M |
| Cost & Expenses | $695M |
| OPERATING INCOME | -$111M |
| Interest Income | $21M |
| Interest Expense | $2M |
| Other Income/Expenses | $37M |
| INCOME BEFORE TAX | -$74M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$81M |
| D&A | $21M |
| EBIT | -$72M |
| EBITDA | -$51M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$81M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $172M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$574M |
| Sales/Maturities of Investments | $601M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $20M |
| Net Debt Issuance | -$132M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$133M |
| FREE CASH FLOW | $149M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $400M |
| Short-Term Investments | $1.7B |
| Net Receivables | $418M |
| Inventory | $0 |
| Other Current Assets | $179M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $141M |
| Goodwill | $5.4B |
| Intangible Assets | $197M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $269M |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $8.7B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $168M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8.5B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $1.4B |
| Net Debt | $1.0B |
