| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $331M | $249M | — | 32.9% | — |
| Op. Income | -$512M | -$383M | — | -33.6% | — |
| Gross Margin | -62.7% | -58.7% | — | -4.0pp | — |
| Net Margin | -216.2% | -225.6% | — | 9.4pp | — |
| EPS (Diluted) | $-0.31 | $-0.24 | — | -27.3% | — |
| Free Cash Flow | -$400M | -$657M | — | 39.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $539M |
| GROSS PROFIT | -$208M |
| R&D Expenses | $102M |
| Selling & Marketing | $58M |
| General & Administrative | $88M |
| SG&A Expenses | $146M |
| Other Expenses | $56M |
| Operating Expenses | $304M |
| Cost & Expenses | $843M |
| OPERATING INCOME | -$512M |
| Interest Income | $8M |
| Interest Expense | $172M |
| Other Income/Expenses | -$202M |
| INCOME BEFORE TAX | -$714M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$716M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$716M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$716M |
| D&A | $96M |
| EBIT | -$543M |
| EBITDA | -$446M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$716M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $919.2K |
| Deferred Income Tax | $883.4K |
| Other Non-Cash Items | $309M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$300M |
| Capital Expenditure | -$100M |
| Acquisitions (Net) | -$763.7K |
| Purchases of Investments | -$165M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | -$250M |
| Net Debt Issuance | $51M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $503M |
| NET CASH FROM FINANCING | $554M |
| FREE CASH FLOW | -$400M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $158.9K |
| Net Receivables | $589M |
| Inventory | $1.1B |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $3.3B |
| Goodwill | $0 |
| Intangible Assets | $47M |
| Long-Term Investments | $80M |
| Tax Assets | $0 |
| Other Non-Current Assets | $278M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $413M |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.6B |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $874M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $8.8B |
| Common Stock | $377M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$8.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6.1B |
| Minority Interest | $3.0B |
| TOTAL EQUITY | -$3.1B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $3.0B |
| Net Debt | $2.9B |
