| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $7M | $3M | 52.8% | 217.1% |
| Op. Income | -$40M | -$42M | -$40M | 4.5% | -0.4% |
| Gross Margin | -282.8% | -416.0% | -851.5% | 133.2pp | 568.7pp |
| Net Margin | -425.3% | -612.0% | -1151.6% | 186.7pp | 726.3pp |
| EPS (Diluted) | $-1.71 | $-1.64 | $-1.50 | -4.3% | -14.0% |
| Free Cash Flow | -$21M | -$37M | -$26M | 42.7% | 16.6% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $42M |
| GROSS PROFIT | -$31M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$42M |
| Operating Expenses | $9M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$40M |
| Interest Income | $5M |
| Interest Expense | $11M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$47M |
| Income Tax Expense | $9.0K |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $595.0K |
| EBIT | -$36M |
| EBITDA | -$35M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $595.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$33.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$149M |
| Sales/Maturities of Investments | $147M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $41M |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $279M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $367M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $43M |
| Tax Assets | $0 |
| Other Non-Current Assets | $256.0K |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $427M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $362M |
| TOTAL NON-CURRENT LIABILITIES | $377M |
| TOTAL LIABILITIES | $417M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $715M |
| Retained Earnings | -$705M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$415.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $427M |
| Total Debt | $17M |
| Net Debt | -$55M |
