| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $42M | $49M | 3.1% | -11.7% |
| Op. Income | -$47M | -$49M | -$48M | 3.0% | 1.0% |
| Gross Margin | 55.3% | 56.9% | 63.4% | -1.6pp | -8.1pp |
| Net Margin | -107.0% | -113.5% | -97.7% | 6.4pp | -9.3pp |
| EPS (Diluted) | $-0.31 | $-0.33 | $-0.33 | 6.1% | 6.1% |
| Free Cash Flow | -$19M | -$40M | -$27M | 52.3% | 30.2% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $24M |
| R&D Expenses | $25M |
| Selling & Marketing | $20M |
| General & Administrative | $18M |
| SG&A Expenses | $38M |
| Other Expenses | $8M |
| Operating Expenses | $71M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$47M |
| Interest Income | $4M |
| Interest Expense | $3M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $5M |
| EBIT | -$44M |
| EBITDA | -$39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$83M |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $30.0K |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $232M |
| Net Receivables | $36M |
| Inventory | $13M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $352M |
| PP&E (Net) | $104M |
| Goodwill | $119M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $233M |
| TOTAL ASSETS | $585M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $52M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $255M |
| TOTAL LIABILITIES | $343M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$182.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $242M |
| Minority Interest | -$173.0K |
| TOTAL EQUITY | $241M |
| TOTAL LIABILITIES & EQUITY | $585M |
| Total Debt | $94M |
| Net Debt | $34M |
