| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $196M | $29M | -$36M | 576.7% | 650.3% |
| Op. Income | $144M | -$28M | -$89M | 620.3% | 262.2% |
| Gross Margin | 81.4% | -26.3% | 196.3% | 107.7pp | -114.9pp |
| Net Margin | 73.8% | -96.0% | 250.3% | 169.7pp | -176.6pp |
| EPS (Diluted) | $0.20 | $-0.13 | $-0.27 | 253.8% | 174.1% |
| Free Cash Flow | -$22M | $79M | $96M | -128.0% | -123.1% |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $159M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $4M |
| Operating Expenses | $15M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $144M |
| Interest Income | $184M |
| Interest Expense | $36M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | -$30M |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $0 |
| EBIT | $144M |
| EBITDA | $144M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $159M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $4M |
| Operating Expenses | $15M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $144M |
| Interest Income | $184M |
| Interest Expense | $36M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | -$30M |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $0 |
| EBIT | $144M |
| EBITDA | $144M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$172M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$96M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.8B |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $46M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $416.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$457M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $2.5B |
| Net Debt | $2.4B |
