| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $152M | $135M | 6.6% | 20.4% |
| Op. Income | -$73M | -$65M | -$111M | -12.5% | 34.1% |
| Gross Margin | 90.0% | 90.3% | 89.8% | -0.3pp | 0.2pp |
| Net Margin | -44.0% | -40.3% | -83.7% | -3.6pp | 39.8pp |
| EPS (Diluted) | $-0.33 | $-0.28 | $-0.59 | -17.9% | 44.1% |
| Free Cash Flow | $15M | -$17M | -$42M | 184.5% | 134.5% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $146M |
| R&D Expenses | $84M |
| Selling & Marketing | $80M |
| General & Administrative | $55M |
| SG&A Expenses | $135M |
| Other Expenses | -$175.0K |
| Operating Expenses | $220M |
| Cost & Expenses | $236M |
| OPERATING INCOME | -$73M |
| Interest Income | $5M |
| Interest Expense | $968.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$70M |
| Income Tax Expense | $1M |
| NET INCOME | -$71M |
| D&A | $4M |
| EBIT | -$69M |
| EBITDA | -$66M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$71M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$7.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $18.0K |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $414M |
| Short-Term Investments | $124M |
| Net Receivables | $66M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $651M |
| PP&E (Net) | $283M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $305M |
| TOTAL ASSETS | $956M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $255M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $344M |
| Long-Term Debt | $45M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $278M |
| TOTAL LIABILITIES | $622M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $334M |
| Minority Interest | $0 |
| TOTAL EQUITY | $334M |
| TOTAL LIABILITIES & EQUITY | $956M |
| Total Debt | $285M |
| Net Debt | -$129M |
