| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $898.0K | $3M | 41.4% | -62.3% |
| Op. Income | -$27M | -$23M | -$43M | -13.7% | 37.8% |
| Gross Margin | -1101.7% | -1262.6% | -259.7% | 160.9pp | -841.9pp |
| Net Margin | -1948.8% | -2447.1% | -1237.7% | 498.3pp | -711.2pp |
| EPS (Diluted) | $-0.22 | $-0.22 | $-0.45 | 0.0% | 51.1% |
| Free Cash Flow | -$17M | -$18M | -$19M | 3.8% | 11.9% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $15M |
| GROSS PROFIT | -$14M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$3M |
| Operating Expenses | $13M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$27M |
| Interest Income | $0 |
| Interest Expense | $150.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $3M |
| EBIT | -$27M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $401.0K |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$333.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$894.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$134.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $102M |
| Net Receivables | $44.0K |
| Inventory | $0 |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $165M |
| PP&E (Net) | $41M |
| Goodwill | $0 |
| Intangible Assets | $47M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $90M |
| TOTAL ASSETS | $256M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $175.0K |
| Other Non-Current Liabilities | $15.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $675M |
| Retained Earnings | -$453M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$114.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $221M |
| Minority Interest | $0 |
| TOTAL EQUITY | $221M |
| TOTAL LIABILITIES & EQUITY | $256M |
| Total Debt | $13M |
| Net Debt | -$30M |
