| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $642M | $646M | $652M | -0.6% | -1.5% |
| Op. Income | -$841M | -$87M | -$72M | -865.5% | -1074.0% |
| Gross Margin | 70.7% | 69.9% | 70.8% | 0.8pp | -0.1pp |
| Net Margin | -130.4% | -12.7% | -10.0% | -117.7pp | -120.4pp |
| EPS (Diluted) | $-4.92 | $-0.49 | $-0.40 | -904.1% | -1130.0% |
| Free Cash Flow | $87M | $8M | $99M | 1016.6% | -12.6% |
| Item | Amount |
|---|---|
| REVENUE | $642M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $454M |
| R&D Expenses | $108M |
| Selling & Marketing | $221M |
| General & Administrative | $110M |
| SG&A Expenses | $330M |
| Other Expenses | $858M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$841M |
| Interest Income | $14M |
| Interest Expense | $6M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$834M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$838M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$838M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$838M |
| D&A | $66M |
| EBIT | -$49M |
| EBITDA | $17M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$838M |
| Depreciation & Amortization | $99M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $792M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $230M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $65M |
| Goodwill | $283M |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $117M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $56M |
| Short-Term Debt | $551M |
| Deferred Revenue | $95M |
| Other Current Liabilities | $162M |
| TOTAL CURRENT LIABILITIES | $931M |
| Long-Term Debt | $990M |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $51M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $171.0K |
| Additional Paid-In Capital | $17.7B |
| Retained Earnings | -$16.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $1.6B |
| Net Debt | $426M |
