| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $8M | $7M | 5.2% | 28.4% |
| Op. Income | -$106M | -$92M | -$94M | -14.9% | -12.9% |
| Gross Margin | 64.2% | 75.9% | 17.0% | -11.7pp | 47.1pp |
| Net Margin | -1115.7% | -995.8% | -1248.6% | -119.9pp | 132.9pp |
| EPS (Diluted) | $-1.69 | $-1.45 | $-1.51 | -16.6% | -11.9% |
| Free Cash Flow | -$73M | -$100M | -$67M | 27.3% | -9.0% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $6M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $111M |
| Cost & Expenses | $114M |
| OPERATING INCOME | -$106M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$96M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$96M |
| D&A | $2M |
| EBIT | -$106M |
| EBITDA | -$104M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$96M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $246.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$73M |
| Capital Expenditure | -$158.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$105M |
| Sales/Maturities of Investments | $142M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $37M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$73M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $485M |
| Net Receivables | $4M |
| Inventory | $24M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $632M |
| PP&E (Net) | $61M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $75M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $141M |
| TOTAL ASSETS | $773M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $113M |
| Common Stock | $73.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$802M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $661M |
| Minority Interest | $0 |
| TOTAL EQUITY | $661M |
| TOTAL LIABILITIES & EQUITY | $773M |
| Total Debt | $65M |
| Net Debt | -$20M |
