| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $440M | $436M | $438M | 0.9% | 0.5% |
| Op. Income | $56M | $66M | $27M | -15.2% | 107.4% |
| Gross Margin | 60.5% | 60.8% | 59.1% | -0.3pp | 1.3pp |
| Net Margin | 7.3% | 8.5% | 2.7% | -1.2pp | 4.5pp |
| EPS (Diluted) | $0.33 | $0.38 | $0.12 | -13.2% | 175.0% |
| Free Cash Flow | $87M | $39M | $36M | 123.1% | 141.7% |
| Item | Amount |
|---|---|
| REVENUE | $440M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $266M |
| R&D Expenses | $73M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $137M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $384M |
| OPERATING INCOME | $56M |
| Interest Income | $3M |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $25M |
| EBIT | $54M |
| EBITDA | $79M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $440M |
| Cost of Revenue | $174M |
| GROSS PROFIT | $266M |
| R&D Expenses | $73M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $137M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $384M |
| OPERATING INCOME | $56M |
| Interest Income | $3M |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $25M |
| EBIT | $54M |
| EBITDA | $79M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$120M |
| Change in Working Capital | $114M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | $10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $348M |
| Short-Term Investments | $0 |
| Net Receivables | $247M |
| Inventory | $16M |
| Other Current Assets | $92M |
| TOTAL CURRENT ASSETS | $703M |
| PP&E (Net) | $208M |
| Goodwill | $399M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $215M |
| Other Non-Current Assets | $134M |
| TOTAL NON-CURRENT ASSETS | $956M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $85M |
| Short-Term Debt | $25M |
| Deferred Revenue | $482M |
| Other Current Liabilities | $114M |
| TOTAL CURRENT LIABILITIES | $875M |
| Long-Term Debt | $461M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $134M |
| TOTAL NON-CURRENT LIABILITIES | $659M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$134M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $125M |
| Minority Interest | $0 |
| TOTAL EQUITY | $125M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $593M |
| Net Debt | $245M |
