| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $18M | $19M | -3.6% | -9.7% |
| Op. Income | -$29M | -$34M | -$40M | 13.6% | 26.8% |
| Gross Margin | 93.0% | 86.1% | 94.1% | 6.9pp | -1.1pp |
| Net Margin | -209.9% | -258.2% | -253.7% | 48.3pp | 43.8pp |
| EPS (Diluted) | $-0.38 | $-0.56 | $-0.58 | 32.1% | 34.5% |
| Free Cash Flow | -$33M | -$45M | -$36M | 26.3% | 9.2% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $16M |
| R&D Expenses | $24M |
| Selling & Marketing | $5M |
| General & Administrative | $16M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$29M |
| Interest Income | $3M |
| Interest Expense | $13M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $234.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $838.0K |
| EBIT | -$23M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $838.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$30.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $99M |
| NET CASH FROM FINANCING | $99M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $300M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $15M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $355M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $260.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $992.0K |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $372M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $114M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $323M |
| TOTAL NON-CURRENT LIABILITIES | $446M |
| TOTAL LIABILITIES | $503M |
| Common Stock | $8M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$239.0K |
| Accum. Other Comp. Income | -$338.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$132M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$132M |
| TOTAL LIABILITIES & EQUITY | $372M |
| Total Debt | $124M |
| Net Debt | -$176M |
