| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $16M | $56M | -5.1% | -73.2% |
| Op. Income | -$46M | -$44M | -$4M | -4.3% | -1170.7% |
| Gross Margin | 84.9% | 85.6% | 17.9% | -0.7pp | 67.0pp |
| Net Margin | -256.4% | -227.0% | 2.4% | -29.4pp | -258.9pp |
| EPS (Diluted) | $-0.40 | $-0.38 | $0.02 | -5.3% | -2539.0% |
| Free Cash Flow | -$63M | -$62M | -$44M | -2.0% | -42.8% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $13M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $61M |
| OPERATING INCOME | -$46M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $73.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $2M |
| EBIT | -$46M |
| EBITDA | -$43M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | -$63M |
| Capital Expenditure | -$337.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$101M |
| Sales/Maturities of Investments | $139M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $37M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $644.0K |
| NET CASH FROM FINANCING | $644.0K |
| FREE CASH FLOW | -$63M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $456M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $520M |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $571M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $64M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $148M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $200M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $272M |
| TOTAL LIABILITIES | $420M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $936M |
| Retained Earnings | -$785M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$620.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $151M |
| Minority Interest | $0 |
| TOTAL EQUITY | $151M |
| TOTAL LIABILITIES & EQUITY | $571M |
| Total Debt | $36M |
| Net Debt | -$11M |
