| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.2B | $1.2B | 24.5% | 18.4% |
| Op. Income | -$270M | -$235M | -$462M | -14.8% | 41.6% |
| Gross Margin | 15.3% | 14.0% | -2.7% | 1.3pp | 17.9pp |
| Net Margin | -17.9% | -15.8% | -45.6% | -2.1pp | 27.7pp |
| EPS (Diluted) | $-0.28 | $-0.20 | $-0.66 | -39.7% | 57.8% |
| Free Cash Flow | $0 | $0 | $18M | — | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $225M |
| R&D Expenses | $239M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $239M |
| Other Expenses | $18M |
| Operating Expenses | $495M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | -$270M |
| Interest Income | $46M |
| Interest Expense | $12M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$263M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$264M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$264M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$264M |
| D&A | $0 |
| EBIT | -$247M |
| EBITDA | -$247M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$264M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $247M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $2.4B |
| Net Receivables | $665M |
| Inventory | $898M |
| Other Current Assets | $907M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $1.8B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $265M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $11.2B |
| Account Payables | $2.5B |
| Short-Term Debt | $964M |
| Deferred Revenue | $126M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $932M |
| Deferred Revenue NC | $101M |
| Deferred Tax Liabilities | $54M |
| Other Non-Current Liabilities | $419M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $18.3K |
| Additional Paid-In Capital | $10.3B |
| Retained Earnings | -$5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $255M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $11.2B |
| Total Debt | $2.3B |
| Net Debt | $695M |
