| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $261M | $265M | $725M | -1.7% | -64.0% |
| Op. Income | -$1.1B | -$160M | -$17M | -577.5% | -6388.5% |
| Gross Margin | -269.2% | -4.1% | 19.7% | -265.1pp | -288.9pp |
| Net Margin | -462.0% | -49.3% | -8.4% | -412.7pp | -453.5pp |
| EPS (Diluted) | $-21.13 | $-2.31 | $-1.08 | -814.7% | -1856.5% |
| Free Cash Flow | -$111M | -$77M | -$6M | -44.5% | -1765.1% |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $963M |
| GROSS PROFIT | -$702M |
| R&D Expenses | $70M |
| Selling & Marketing | $37M |
| General & Administrative | $41M |
| SG&A Expenses | $79M |
| Other Expenses | $234M |
| Operating Expenses | $383M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$1.1B |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | $122M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $17M |
| EBIT | -$856M |
| EBITDA | -$840M |
| EPS | -$21 |
| EPS Diluted | -$21 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $131M |
| Other Non-Cash Items | $875M |
| Change in Working Capital | $82M |
| OPERATING CASH FLOW | -$64M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$46M |
| Sales/Maturities of Investments | $171M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $76M |
| Net Debt Issuance | $36M |
| Common Stock Repurchased | -$300.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | -$111M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $304M |
| Short-Term Investments | $375M |
| Net Receivables | $622M |
| Inventory | $798M |
| Other Current Assets | -$20M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $467M |
| Goodwill | $52M |
| Intangible Assets | $11M |
| Long-Term Investments | $79M |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $698M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $95M |
| Short-Term Debt | $346M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $170M |
| TOTAL CURRENT LIABILITIES | $904M |
| Long-Term Debt | $330M |
| Deferred Revenue NC | $227M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $329M |
| TOTAL NON-CURRENT LIABILITIES | $956M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$715M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $956M |
| Minority Interest | $0 |
| TOTAL EQUITY | $956M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $758M |
| Net Debt | $455M |
