| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | 3.5% | 15.8% |
| Op. Income | -$254M | -$333M | -$404M | 23.8% | 37.2% |
| Gross Margin | 52.4% | 51.9% | 53.5% | 0.5pp | -1.1pp |
| Net Margin | -20.1% | -25.5% | -35.3% | 5.4pp | 15.2pp |
| EPS (Diluted) | $-0.15 | $-0.19 | $-0.24 | 21.1% | 37.5% |
| Free Cash Flow | -$73M | $38M | -$119M | -293.8% | 38.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $589M |
| GROSS PROFIT | $648M |
| R&D Expenses | $406M |
| Selling & Marketing | $266M |
| General & Administrative | $229M |
| SG&A Expenses | $496M |
| Other Expenses | $0 |
| Operating Expenses | $902M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$254M |
| Interest Income | $36M |
| Interest Expense | $5M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$243M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$249M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$249M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$249M |
| D&A | $38M |
| EBIT | -$238M |
| EBITDA | -$200M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$249M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $259M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$85M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$777M |
| Sales/Maturities of Investments | $615M |
| Other Investing Activities | -$100.0K |
| NET CASH FROM INVESTING | -$214M |
| Net Debt Issuance | $322M |
| Common Stock Repurchased | -$76M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $237M |
| FREE CASH FLOW | -$73M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $2.0B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $198M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $966M |
| Goodwill | $1.7B |
| Intangible Assets | $113M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $229M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $180M |
| Short-Term Debt | $36M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $59M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $15.1B |
| Retained Earnings | -$12.6B |
| Treasury Stock | -$471M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $4.2B |
| Net Debt | $3.2B |
