| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $978M | $873M | 8.4% | 21.5% |
| Op. Income | -$49M | -$19M | -$99M | -160.0% | 50.6% |
| Gross Margin | 81.6% | 81.8% | 82.1% | -0.1pp | -0.5pp |
| Net Margin | -8.0% | -3.3% | -23.5% | -4.7pp | 15.5pp |
| EPS (Diluted) | $-0.33 | $-0.12 | $-0.80 | -175.0% | 58.8% |
| Free Cash Flow | $284M | $163M | $146M | 74.1% | 94.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $195M |
| GROSS PROFIT | $866M |
| R&D Expenses | $537M |
| Selling & Marketing | $218M |
| General & Administrative | $157M |
| SG&A Expenses | $375M |
| Other Expenses | $3M |
| Operating Expenses | $915M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$49M |
| Interest Income | $23M |
| Interest Expense | $9M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | -$84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$84M |
| D&A | $17M |
| EBIT | -$31M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$84M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $290M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $72M |
| OPERATING CASH FLOW | $290M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$845M |
| Purchases of Investments | -$70M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$862M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$102M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$114M |
| FREE CASH FLOW | $284M |
| Net Change in Cash | -$683M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $151M |
| Net Receivables | $526M |
| Inventory | $0 |
| Other Current Assets | $134M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $267M |
| Goodwill | $1.3B |
| Intangible Assets | $329M |
| Long-Term Investments | $223M |
| Tax Assets | $4M |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $160M |
| Short-Term Debt | $50M |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $213M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $937M |
| Deferred Revenue NC | $203M |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $905M |
| Minority Interest | $0 |
| TOTAL EQUITY | $905M |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $1.3B |
| Net Debt | -$190M |
