| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $46M | $22M | 59.1% | 227.9% |
| Op. Income | -$14M | -$25M | -$17M | 44.8% | 18.0% |
| Gross Margin | 86.3% | 83.6% | 84.4% | 2.8pp | 2.0pp |
| Net Margin | -22.5% | -57.6% | -76.7% | 35.1pp | 54.2pp |
| EPS (Diluted) | $-0.07 | $-0.11 | $-0.08 | 36.3% | 12.0% |
| Free Cash Flow | -$20M | -$36M | -$15M | 45.6% | -31.7% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $63M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $87M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $67.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $569.0K |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $569.0K |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $478.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$131.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $144M |
| Net Receivables | $37M |
| Inventory | $14M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $263M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $343M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $134M |
| TOTAL LIABILITIES | $196M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$889M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$101.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $147M |
| Minority Interest | $0 |
| TOTAL EQUITY | $147M |
| TOTAL LIABILITIES & EQUITY | $343M |
| Total Debt | $105M |
| Net Debt | $63M |
