| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $321M | $314M | — | 2.3% | — |
| Op. Income | -$40M | -$160M | — | 74.7% | — |
| Gross Margin | 52.1% | 49.1% | — | 2.9pp | — |
| Net Margin | -14.7% | -55.1% | — | 40.4pp | — |
| EPS (Diluted) | $-1.33 | $-4.91 | — | 72.9% | — |
| Free Cash Flow | $82M | -$19M | — | 526.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $321M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $167M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $123M |
| Other Expenses | $85M |
| Operating Expenses | $208M |
| Cost & Expenses | $362M |
| OPERATING INCOME | -$40M |
| Interest Income | $8M |
| Interest Expense | $27M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $80M |
| EBIT | -$36M |
| EBITDA | $44M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $80M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $60M |
| OPERATING CASH FLOW | $101M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$51.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $82M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $681M |
| Short-Term Investments | $0 |
| Net Receivables | $200M |
| Inventory | $2M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $916M |
| PP&E (Net) | $3.3B |
| Goodwill | $457M |
| Intangible Assets | $16M |
| Long-Term Investments | $27M |
| Tax Assets | $0 |
| Other Non-Current Assets | $123M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $74M |
| Short-Term Debt | $870M |
| Deferred Revenue | $77M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $522M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $255M |
| Other Non-Current Liabilities | $119M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $353.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $58M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.5B |
| Net Debt | $859M |
