| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $572M | $529M | $506M | 8.1% | 13.0% |
| Op. Income | -$38M | -$45M | -$67M | 15.6% | 43.3% |
| Gross Margin | 77.3% | 76.7% | 79.4% | 0.5pp | -2.2pp |
| Net Margin | -3.0% | -4.3% | -6.9% | 1.4pp | 3.9pp |
| EPS (Diluted) | $-0.07 | $-0.10 | $-0.15 | 25.7% | 51.5% |
| Free Cash Flow | $11M | $34M | $56M | -67.6% | -80.4% |
| Item | Amount |
|---|---|
| REVENUE | $572M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $442M |
| R&D Expenses | $144M |
| Selling & Marketing | $205M |
| General & Administrative | $131M |
| SG&A Expenses | $336M |
| Other Expenses | $0 |
| Operating Expenses | $480M |
| Cost & Expenses | $610M |
| OPERATING INCOME | -$38M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $66M |
| EBIT | -$5M |
| EBITDA | $61M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $113M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$106M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$294M |
| Sales/Maturities of Investments | $335M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | -$292M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$311M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | -$259M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.4B |
| Net Receivables | $115M |
| Inventory | -$4M |
| Other Current Assets | $388M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $419M |
| Goodwill | $2.8B |
| Intangible Assets | $530M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$268M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $39M |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $59M |
| Other Current Liabilities | $111M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $497M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $63M |
| TOTAL NON-CURRENT LIABILITIES | $649M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $1.8B |
| Net Debt | $626M |
