| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $553M | $525M | $419M | 5.4% | 32.1% |
| Op. Income | -$4M | -$47M | -$48M | 90.6% | 90.8% |
| Gross Margin | 78.5% | 77.5% | 77.1% | 0.9pp | 1.4pp |
| Net Margin | 3.5% | -5.4% | -11.0% | 8.9pp | 14.5pp |
| EPS (Diluted) | $0.12 | $-0.19 | $-0.32 | 163.2% | 137.5% |
| Free Cash Flow | $123M | $101M | $74M | 22.2% | 66.6% |
| Item | Amount |
|---|---|
| REVENUE | $553M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $434M |
| R&D Expenses | $125M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $314M |
| Other Expenses | $0 |
| Operating Expenses | $439M |
| Cost & Expenses | $558M |
| OPERATING INCOME | -$4M |
| Interest Income | $28M |
| Interest Expense | $2M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $21M |
| EBIT | $23M |
| EBITDA | $44M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $113M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $173M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$357M |
| Purchases of Investments | -$242M |
| Sales/Maturities of Investments | $290M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$360M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $123M |
| Net Change in Cash | -$179M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $981M |
| Net Receivables | $506M |
| Inventory | $0 |
| Other Current Assets | $224M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $423M |
| Goodwill | $417M |
| Intangible Assets | $69M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $320M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $163M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $200M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $151.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $1.2B |
| Net Debt | -$24M |
