| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.2B | $1.2B | 11.0% | 15.5% |
| Op. Income | -$173M | -$254M | -$380M | 31.8% | 54.4% |
| Gross Margin | 53.5% | 52.4% | 53.2% | 1.1pp | 0.2pp |
| Net Margin | -11.2% | -20.1% | -31.0% | 8.9pp | 19.8pp |
| EPS (Diluted) | $-0.09 | $-0.15 | $-0.23 | 38.5% | 59.9% |
| Free Cash Flow | $72M | -$73M | -$61M | 197.8% | 218.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $639M |
| GROSS PROFIT | $734M |
| R&D Expenses | $413M |
| Selling & Marketing | $273M |
| General & Administrative | $221M |
| SG&A Expenses | $494M |
| Other Expenses | $0 |
| Operating Expenses | $907M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$173M |
| Interest Income | $39M |
| Interest Expense | $6M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | -$145M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$153M |
| D&A | $39M |
| EBIT | -$139M |
| EBITDA | -$100M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$153M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $260M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | $116M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$705M |
| Sales/Maturities of Investments | $526M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$223M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $965M |
| Short-Term Investments | $2.2B |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $201M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $983M |
| Goodwill | $1.7B |
| Intangible Assets | $99M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $226M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $157M |
| 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 | $62M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $15.4B |
| Retained Earnings | -$12.7B |
| Treasury Stock | -$466M |
| Accum. Other Comp. Income | $29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $4.2B |
| Net Debt | $3.3B |
