| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $338M | $472M | $473M | -28.5% | -28.5% |
| Op. Income | -$80M | $59M | $81M | -236.5% | -198.7% |
| Gross Margin | 34.1% | 52.3% | 55.2% | -18.1pp | -21.1pp |
| Net Margin | -18.2% | 8.8% | 13.0% | -27.0pp | -31.2pp |
| EPS (Diluted) | $-1.42 | $0.80 | $1.18 | -277.5% | -220.3% |
| Free Cash Flow | $318M | $11M | $88M | 2680.5% | 262.9% |
| Item | Amount |
|---|---|
| REVENUE | $338M |
| Cost of Revenue | $222M |
| GROSS PROFIT | $115M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $126M |
| SG&A Expenses | $132M |
| Other Expenses | $63M |
| Operating Expenses | $195M |
| Cost & Expenses | $418M |
| OPERATING INCOME | -$80M |
| Interest Income | $453M |
| Interest Expense | $212M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | -$61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$66M |
| D&A | $14M |
| EBIT | -$80M |
| EBITDA | -$66M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$61M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $215M |
| Change in Working Capital | $159M |
| OPERATING CASH FLOW | $333M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$519M |
| NET CASH FROM INVESTING | -$457M |
| Net Debt Issuance | -$640M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.0B |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | $318M |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.2B |
| Short-Term Investments | $3.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.7B |
| PP&E (Net) | $82M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $22.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $919M |
| TOTAL NON-CURRENT ASSETS | $23.9B |
| TOTAL ASSETS | $31.6B |
| Account Payables | $19M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25.9B |
| TOTAL CURRENT LIABILITIES | $26.9B |
| Long-Term Debt | $660M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $696M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $28.3B |
| Common Stock | $515.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$302M |
| Accum. Other Comp. Income | -$128M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $31.6B |
| Total Debt | $1.7B |
| Net Debt | -$2.5B |
