| Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
| USD | Fiscal Year Ending | | Latest | | Year-to-date Ending |
| (in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | | Dec-23 | Dec-24 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
| Revenue | 435 | 610 | 779 | 910 | 1,042 | | 1,042 | | 910 | 1,042 |
| % Growth | NA | 40.2% | 27.8% | 16.9% | 14.4% | | | | | 14.4% |
| | | | | | | | | | |
| Cost of Revenue | (180) | (271) | (368) | (433) | (475) | | (475) | | (433) | (475) |
| Gross Profit | 255 | 338 | 411 | 478 | 566 | | 566 | | 478 | 566 |
| % Revenue | 58.5% | 55.5% | 52.8% | 52.5% | 54.4% | | 54.4% | | 52.5% | 54.4% |
| | | | | | | | | | |
| Research and Development | (69) | (107) | (142) | (157) | (166) | | (166) | | (157) | (166) |
| Selling and Marketing | (132) | (194) | (262) | (297) | (308) | | (308) | | (297) | (308) |
| General and Admin | (66) | (88) | (95) | (116) | (124) | | (124) | | (116) | (124) |
| Other Inc / (Exp) | (7) | (6) | (0) | (7) | (13) | | (13) | | (7) | (13) |
| Total Operating Exp | (274) | (395) | (499) | (576) | (611) | | (611) | | (576) | (611) |
| | | | | | | | | | |
| Operating Income | (19) | (56) | (88) | (99) | (45) | | (45) | | (99) | (45) |
| % Revenue | -4.4% | -9.2% | -11.2% | -10.8% | -4.3% | | -4.3% | | -10.8% | -4.3% |
| | | | | | | | | | |
| Interest Expense | (25) | (8) | (3) | 19 | 32 | | 32 | | 19 | 32 |
| Pre-tax Income | (45) | (64) | (90) | (79) | (13) | | (13) | | (79) | (13) |
| Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Provision for Taxes | 2 | 11 | (4) | (2) | (0) | | (0) | | (2) | (0) |
| Net Income to Company | (42) | (53) | (95) | (82) | (13) | | (13) | | (82) | (13) |
| % Margin | -9.7% | -8.7% | -12.2% | -9.0% | -1.2% | | -1.2% | | -9.0% | -1.2% |
| | | | | | | | | | |
| Minority Interest in Earnings | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Net Income to Stockholders | (42) | (53) | (95) | (82) | (13) | | (13) | | (82) | (13) |
| | | | | | | | | | |
| Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| | | | | | | | | | |
| Net Income to Common | (42) | (53) | (95) | (82) | (13) | | (13) | | (82) | (13) |
| % Margin | -9.7% | -8.7% | -12.2% | -9.0% | -1.2% | | -1.2% | | -9.0% | -1.2% |
| | | | | | | | | | |
| As Reported | | | | | | | | | | |
| Basic EPS (Continuing Ops) | (0.66) | (0.79) | (1.35) | (1.13) | (0.17) | | (0.17) | | (1.13) | (0.17) |
| Diluted EPS (Continuing Ops) | (0.66) | (0.79) | (1.35) | (1.13) | (0.17) | | (0.17) | | (1.13) | (0.17) |
| | | | | | | | | | |
| WA Basic Shares Out. | 64.15 | 67.51 | 69.92 | 72.05 | 74.50 | | 74.50 | | 72.05 | 74.50 |
| WA Diluted Shares Out. | 64.15 | 67.51 | 69.92 | 72.05 | 74.50 | | 74.50 | | 72.05 | 74.50 |
| | | | | | | | | | |
| EBITDA, EBIT Reconciliation | | | | | | | | | | |
| EBT, Incl. Unusual Items | (45) | (64) | (90) | (79) | (13) | | (13) | | (79) | (13) |
| Addback: Net Interest Expense | 25 | 8 | 3 | (19) | (32) | | (32) | | (19) | (32) |
| Addback: Other Non Operating Expenses, Total | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Depreciation & Amortization | 25 | 39 | 45 | 49 | 53 | | 53 | | 49 | 53 |
| Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 10 | | 10 | | 0 | 10 |
| Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 7 | 12 | | 12 | | 7 | 12 |
| Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Other Unusual Items | 7 | 6 | 0 | 0 | (7) | | (7) | | 0 | (7) |
| Adjusted EBITDA | 13 | (12) | (43) | (43) | 24 | | 24 | | (43) | 24 |
| % Margin | 2.9% | -1.9% | -5.5% | -4.8% | 2.3% | | 2.3% | | -4.8% | 2.3% |
| | | | | | | | | | |
| Adjusted EBIT | (12) | (51) | (87) | (92) | (29) | | (29) | | (92) | (29) |
| % Margin | -2.8% | -8.3% | -11.2% | -10.1% | -2.8% | | -2.8% | | -10.1% | -2.8% |
| | | | | | | | | | |
| Adjusted Net Income Reconciliation | | | | | | | | | | |
| Net Income to Company | (42) | (53) | (95) | (82) | (13) | | (13) | | (82) | (13) |
| Addback: Unusual Items | 7 | 6 | 0 | 7 | 15 | | 15 | | 7 | 15 |
| Less: Tax Benefit of Unusual Items (26%) | (2) | (1) | (0) | (2) | (4) | | (4) | | (2) | (4) |
| Adjusted Net Income | (37) | (49) | (94) | (77) | (1) | | (1) | | (77) | (1) |
| % Margin | -8.5% | -8.0% | -12.1% | -8.4% | -0.1% | | -0.1% | | -8.4% | -0.1% |