| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $718M | $744M | $749M | -3.5% | -4.2% |
| Op. Income | -$146M | -$187M | -$266M | 21.9% | 45.0% |
| Gross Margin | 43.2% | 40.3% | 36.1% | 2.9pp | 7.1pp |
| Net Margin | -23.3% | -26.2% | -36.8% | 2.9pp | 13.5pp |
| EPS (Diluted) | $-0.45 | $-0.54 | $-0.79 | 16.7% | 43.0% |
| Free Cash Flow | $9M | -$37M | -$55M | 123.2% | 115.6% |
| Item | Amount |
|---|---|
| REVENUE | $718M |
| Cost of Revenue | $408M |
| GROSS PROFIT | $310M |
| R&D Expenses | $77M |
| Selling & Marketing | $170M |
| General & Administrative | $153M |
| SG&A Expenses | $323M |
| Other Expenses | $56M |
| Operating Expenses | $456M |
| Cost & Expenses | $864M |
| OPERATING INCOME | -$146M |
| Interest Income | $9M |
| Interest Expense | $28M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$167M |
| Income Tax Expense | $600.0K |
| Net Income from Continuing Ops | -$167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$167M |
| D&A | $27M |
| EBIT | -$139M |
| EBITDA | -$112M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$167M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $68M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $41M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $32M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $795M |
| Short-Term Investments | $0 |
| Net Receivables | $102M |
| Inventory | $354M |
| Other Current Assets | $170M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $852M |
| Goodwill | $41M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $988M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $0 |
| Short-Term Debt | $8M |
| Deferred Revenue | $182M |
| Other Current Liabilities | $478M |
| TOTAL CURRENT LIABILITIES | $746M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | -$5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$590M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$590M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $2.3B |
| Net Debt | $1.5B |
