| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.7B | -3.2% | -7.5% |
| Op. Income | $70M | $67M | $63M | 4.5% | 11.1% |
| Gross Margin | 32.4% | 33.0% | 34.3% | -0.6pp | -1.9pp |
| Net Margin | -78.9% | 1.1% | 3.0% | -80.0pp | -81.8pp |
| EPS (Diluted) | $-9.72 | $0.12 | $0.29 | -8200.0% | -3451.7% |
| Free Cash Flow | $107M | $115M | $112M | -7.0% | -4.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $495M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $370M |
| Other Expenses | $10M |
| Operating Expenses | $425M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $70M |
| Interest Income | $3M |
| Interest Expense | $31M |
| Other Income/Expenses | -$1.2B |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | $118M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $59M |
| EBIT | -$1.1B |
| EBITDA | -$996M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | $173M |
| OPERATING CASH FLOW | $116M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$42M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | $107M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $521M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $732M |
| Other Current Assets | $180M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $648M |
| Goodwill | $1.7B |
| Intangible Assets | $149M |
| Long-Term Investments | $1.3B |
| Tax Assets | $635M |
| Other Non-Current Assets | $869M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $895M |
| Short-Term Debt | $519M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $713M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $124M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $10M |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $3.4B |
| Net Debt | $2.9B |
