| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $644M | $718M | $642M | -10.3% | 0.2% |
| Op. Income | -$63M | -$146M | -$226M | 56.7% | 72.0% |
| Gross Margin | 48.5% | 43.2% | 31.3% | 5.3pp | 17.2pp |
| Net Margin | -4.7% | -23.3% | -37.7% | 18.6pp | 32.9pp |
| EPS (Diluted) | $-0.08 | $-0.45 | $-0.68 | 81.8% | 88.0% |
| Free Cash Flow | $26M | $9M | -$74M | 202.3% | 135.1% |
| Item | Amount |
|---|---|
| REVENUE | $644M |
| Cost of Revenue | $332M |
| GROSS PROFIT | $312M |
| R&D Expenses | $69M |
| Selling & Marketing | $112M |
| General & Administrative | $186M |
| SG&A Expenses | $298M |
| Other Expenses | $8M |
| Operating Expenses | $375M |
| Cost & Expenses | $707M |
| OPERATING INCOME | -$63M |
| Interest Income | $9M |
| Interest Expense | $30M |
| Other Income/Expenses | $33M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $100.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $17M |
| EBIT | -$55M |
| EBITDA | -$39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $103M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$133M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$123M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $698M |
| Short-Term Investments | $0 |
| Net Receivables | $104M |
| Inventory | $330M |
| Other Current Assets | $135M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $789M |
| Goodwill | $41M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $919M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $85M |
| Short-Term Debt | $10M |
| Deferred Revenue | $164M |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $685M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | -$5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$519M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$519M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $2.1B |
| Net Debt | $1.4B |
