| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | — | $3M | — | 50.9% |
| Op. Income | -$47M | — | -$46M | — | -1.2% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -1203.0% | — | -2311.1% | — | 1108.0pp |
| EPS (Diluted) | $-0.76 | — | $-1.70 | — | 55.2% |
| Free Cash Flow | -$50M | — | -$34M | — | -47.3% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4M |
| R&D Expenses | $38M |
| Selling & Marketing | $2M |
| General & Administrative | $21M |
| SG&A Expenses | $26M |
| Other Expenses | -$32.7K |
| Operating Expenses | $51M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$47M |
| Interest Income | $0 |
| Interest Expense | $842.4K |
| Other Income/Expenses | -$959.3K |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $100.0K |
| EBIT | -$47M |
| EBITDA | -$47M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $336.7K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$50M |
| Capital Expenditure | -$138.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | -$585 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $260M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $284M |
| PP&E (Net) | $3M |
| Goodwill | $22M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $333M |
| Account Payables | $36M |
| Short-Term Debt | $44M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $93M |
| Long-Term Debt | $86M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $91M |
| TOTAL LIABILITIES | $185M |
| Common Stock | $735.4K |
| Additional Paid-In Capital | $560M |
| Retained Earnings | -$413M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $38.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $148M |
| Minority Interest | $0 |
| TOTAL EQUITY | $148M |
| TOTAL LIABILITIES & EQUITY | $333M |
| Total Debt | $133M |
| Net Debt | -$127M |
