Restructuring charge coming A lot of investors waiting for the Q3 earnings release (and the restructuring charge) to get an accurate read on cash. Cash will definitely be more than the market cap, but a lot would want to see the exact number before investing, eh
"In connection with the restructuring, the Company expects to book a restructuring charge in Q3 2024. The Company had $678 million of cash and cash equivalents as of June 30, 2024. The Company reiterates its 2024 guidance ranges of $145 million to $165 million for Total Operating Expense1 (excluding restructuring and related costs) and $25 million to $40 million for Capital Expenditures2."