| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $525M | $497M | $388M | 5.7% | 35.4% |
| Op. Income | -$47M | -$47M | -$61M | -0.8% | 22.8% |
| Gross Margin | 77.5% | 77.5% | 77.5% | 0.1pp | 0.1pp |
| Net Margin | -5.4% | -6.7% | -14.8% | 1.3pp | 9.4pp |
| EPS (Diluted) | $-0.19 | $-0.23 | $-0.40 | 17.4% | 52.5% |
| Free Cash Flow | $101M | $225M | $63M | -55.1% | 60.4% |
| Item | Amount |
|---|---|
| REVENUE | $525M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $407M |
| R&D Expenses | $122M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $332M |
| Other Expenses | $0 |
| Operating Expenses | $454M |
| Cost & Expenses | $572M |
| OPERATING INCOME | -$47M |
| Interest Income | $28M |
| Interest Expense | $4M |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $18M |
| EBIT | -$17M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $140M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $39M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $142M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$388M |
| Sales/Maturities of Investments | $343M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | $101M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.0B |
| Net Receivables | $480M |
| Inventory | $0 |
| Other Current Assets | $203M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $382M |
| Goodwill | $92M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $294M |
| TOTAL NON-CURRENT ASSETS | $792M |
| TOTAL ASSETS | $3.9B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $186M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $150.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $959M |
| Minority Interest | $0 |
| TOTAL EQUITY | $959M |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $1.2B |
| Net Debt | -$205M |
