| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $496M | $459M | $495M | 8.2% | 0.3% |
| Op. Income | -$228M | $95M | $105M | -340.6% | -316.7% |
| Gross Margin | 7.0% | 63.4% | 63.1% | -56.4pp | -56.1pp |
| Net Margin | -37.0% | 17.6% | 16.3% | -54.5pp | -53.3pp |
| EPS (Diluted) | $-0.83 | $0.36 | $0.36 | -330.6% | -330.6% |
| Free Cash Flow | $128M | $95M | $80M | 34.8% | 58.9% |
| Item | Amount |
|---|---|
| REVENUE | $496M |
| Cost of Revenue | $462M |
| GROSS PROFIT | $35M |
| R&D Expenses | $49M |
| Selling & Marketing | $115M |
| General & Administrative | $29M |
| SG&A Expenses | $143M |
| Other Expenses | $71M |
| Operating Expenses | $263M |
| Cost & Expenses | $725M |
| OPERATING INCOME | -$228M |
| Interest Income | $17M |
| Interest Expense | $11M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$223M |
| Income Tax Expense | -$40M |
| Net Income from Continuing Ops | -$183M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$183M |
| D&A | $53M |
| EBIT | -$213M |
| EBITDA | -$159M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$183M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $205M |
| Change in Working Capital | $106M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $95M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$102M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $266M |
| NET CASH FROM FINANCING | -$127M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $534M |
| Short-Term Investments | $357M |
| Net Receivables | $355M |
| Inventory | $322M |
| Other Current Assets | $262M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $718M |
| Goodwill | $2.4B |
| Intangible Assets | $345M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $242M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $76M |
| Short-Term Debt | $493M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $909M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $236M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$77M |
| Accum. Other Comp. Income | -$432M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $1.4B |
| Net Debt | $868M |
