| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $727M | $637M | $744M | 14.1% | -2.3% |
| Op. Income | $15M | -$118M | $26M | 112.8% | -43.0% |
| Gross Margin | 48.5% | 43.3% | 49.7% | 5.1pp | -1.2pp |
| Net Margin | -2.7% | -23.2% | -1.7% | 20.4pp | -1.0pp |
| EPS (Diluted) | $-0.30 | $-2.20 | $-0.19 | 86.4% | -57.9% |
| Free Cash Flow | $71M | -$133M | -$2M | 153.6% | 3857.9% |
| Item | Amount |
|---|---|
| REVENUE | $727M |
| Cost of Revenue | $375M |
| GROSS PROFIT | $352M |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $186M |
| Other Expenses | $95M |
| Operating Expenses | $337M |
| Cost & Expenses | $712M |
| OPERATING INCOME | $15M |
| Interest Income | $400.0K |
| Interest Expense | $50M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $113M |
| EBIT | $21M |
| EBITDA | $134M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $113M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $74M |
| Other Non-Cash Items | -$70M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $118M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $144M |
| Short-Term Investments | $0 |
| Net Receivables | $519M |
| Inventory | $577M |
| Other Current Assets | $87M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $1.5B |
| Goodwill | $771M |
| Intangible Assets | $2.8B |
| Long-Term Investments | $0 |
| Tax Assets | $26M |
| Other Non-Current Assets | $257M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $247M |
| Short-Term Debt | $374M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $91M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $117M |
| Other Non-Current Liabilities | $119M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $314M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $2.8B |
| Net Debt | $2.6B |
