| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $6M | $0 | 47.5% | — |
| Op. Income | -$12M | -$11M | -$17M | -13.7% | 30.2% |
| Gross Margin | 99.6% | 99.4% | — | 0.2pp | — |
| Net Margin | -130.7% | -156.9% | — | 26.2pp | — |
| EPS (Diluted) | $-1.98 | $-1.66 | $-3.88 | -19.3% | 49.0% |
| Free Cash Flow | -$17M | -$18M | -$14M | 6.9% | -25.2% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $32.0K |
| GROSS PROFIT | $9M |
| R&D Expenses | $16M |
| Selling & Marketing | -$32.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$12M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $406.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $32.0K |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $32.0K |
| Stock-Based Compensation | $833.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$606.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$14.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $59.0K |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $459.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $90M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $113M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $312.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $115M |
| Account Payables | $801.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $33M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $81M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $841M |
| Retained Earnings | -$806M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$293.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $115M |
| Total Debt | $2M |
| Net Debt | -$17M |
