| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $1.0B | 3.4% | 4.3% |
| Op. Income | -$19M | -$34M | -$112M | 42.3% | 82.8% |
| Gross Margin | 50.2% | 50.7% | 47.0% | -0.5pp | 3.2pp |
| Net Margin | -2.9% | -5.3% | -16.0% | 2.3pp | 13.1pp |
| EPS (Diluted) | $-0.19 | $-0.31 | $-0.91 | 38.7% | 79.1% |
| Free Cash Flow | $198M | $177M | $72M | 11.4% | 174.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $539M |
| GROSS PROFIT | $543M |
| R&D Expenses | $243M |
| Selling & Marketing | $218M |
| General & Administrative | $114M |
| SG&A Expenses | $332M |
| Other Expenses | -$12M |
| Operating Expenses | $563M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$19M |
| Interest Income | $24M |
| Interest Expense | $0 |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $6M |
| 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 | $52M |
| EBIT | -$26M |
| EBITDA | $26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $148M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $213M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$154M |
| Sales/Maturities of Investments | $955M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $785M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$917M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$45.0K |
| NET CASH FROM FINANCING | -$898M |
| FREE CASH FLOW | $198M |
| Net Change in Cash | $100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $755M |
| Short-Term Investments | $2.4B |
| Net Receivables | $537M |
| Inventory | $0 |
| Other Current Assets | $310M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $486M |
| Goodwill | $5.2B |
| Intangible Assets | $69M |
| Long-Term Investments | $541M |
| Tax Assets | $0 |
| Other Non-Current Assets | $204M |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $10.5B |
| Account Payables | $62M |
| Short-Term Debt | $0 |
| Deferred Revenue | $139M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $711M |
| Long-Term Debt | $990M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $164.0K |
| Additional Paid-In Capital | $15.1B |
| Retained Earnings | -$6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $10.5B |
| Total Debt | $1.1B |
| Net Debt | $390M |
