| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $471M | $331M | $315M | 42.2% | 49.3% |
| Op. Income | -$310M | -$512M | -$341M | 39.4% | 9.0% |
| Gross Margin | -24.0% | -62.7% | -29.9% | 38.7pp | 5.9pp |
| Net Margin | -107.3% | -216.2% | -181.6% | 108.8pp | 74.3pp |
| EPS (Diluted) | $-0.22 | $-0.31 | $-0.25 | 29.4% | 12.9% |
| Free Cash Flow | -$548M | -$400M | -$1.1B | -37.0% | 50.0% |
| Item | Amount |
|---|---|
| REVENUE | $471M |
| Cost of Revenue | $584M |
| GROSS PROFIT | -$113M |
| R&D Expenses | $80M |
| Selling & Marketing | $78M |
| General & Administrative | $54M |
| SG&A Expenses | $132M |
| Other Expenses | -$15M |
| Operating Expenses | $197M |
| Cost & Expenses | $781M |
| OPERATING INCOME | -$310M |
| Interest Income | $3M |
| Interest Expense | $191M |
| Other Income/Expenses | -$197M |
| INCOME BEFORE TAX | -$507M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$506M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$505M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$505M |
| D&A | $102M |
| EBIT | -$311M |
| EBITDA | -$208M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$505M |
| Depreciation & Amortization | $102M |
| Stock-Based Compensation | -$40.2K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $89M |
| Change in Working Capital | -$112M |
| OPERATING CASH FLOW | -$427M |
| Capital Expenditure | -$121M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $76M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $96M |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | $578M |
| Common Stock Repurchased | -$38 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$224M |
| NET CASH FROM FINANCING | $353M |
| FREE CASH FLOW | -$548M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $155.7K |
| Net Receivables | $593M |
| Inventory | $1.2B |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $3.3B |
| Goodwill | $0 |
| Intangible Assets | $45M |
| Long-Term Investments | $81M |
| Tax Assets | $0 |
| Other Non-Current Assets | $277M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $547M |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $90M |
| Other Current Liabilities | $986M |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $811M |
| Deferred Revenue NC | $85M |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $377M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$9.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6.6B |
| Minority Interest | $3.0B |
| TOTAL EQUITY | -$3.6B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $2.9B |
| Net Debt | $2.8B |
