| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $237M | $237M | $327M | 0.1% | -27.3% |
| Op. Income | -$17M | -$18M | $34M | 2.8% | -150.9% |
| Gross Margin | 46.5% | 46.0% | 52.8% | 0.5pp | -6.3pp |
| Net Margin | -7.6% | -3.8% | 3.2% | -3.8pp | -10.8pp |
| EPS (Diluted) | $-0.46 | $-0.23 | $0.26 | -100.0% | -276.9% |
| Free Cash Flow | -$23M | $29M | $95M | -178.8% | -123.9% |
| Item | Amount |
|---|---|
| REVENUE | $237M |
| Cost of Revenue | $127M |
| GROSS PROFIT | $110M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $44M |
| Operating Expenses | $128M |
| Cost & Expenses | $255M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $25M |
| EBIT | -$18M |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $828M |
| Short-Term Investments | $500.0K |
| Net Receivables | $146M |
| Inventory | $114M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $120M |
| Goodwill | $816M |
| Intangible Assets | $369M |
| Long-Term Investments | $0 |
| Tax Assets | $78M |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $71M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $211M |
| Long-Term Debt | $968M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.0B |
| Treasury Stock | -$878M |
| Accum. Other Comp. Income | $200.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.0B |
| Net Debt | $194M |
