| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $112M | $55M | -62.5% | -24.0% |
| Op. Income | -$156M | -$57M | -$165M | -171.2% | 5.4% |
| Gross Margin | 68.2% | 92.1% | 72.7% | -24.0pp | -4.6pp |
| Net Margin | -303.9% | -136.6% | -256.2% | -167.2pp | -47.6pp |
| EPS (Diluted) | $-2.23 | $-2.69 | $-2.53 | 17.0% | 11.6% |
| Free Cash Flow | -$72M | -$119M | -$180M | 39.4% | 59.9% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $29M |
| R&D Expenses | $98M |
| Selling & Marketing | $2M |
| General & Administrative | $85M |
| SG&A Expenses | $87M |
| Other Expenses | $0 |
| Operating Expenses | $184M |
| Cost & Expenses | $198M |
| OPERATING INCOME | -$156M |
| Interest Income | $57M |
| Interest Expense | $23M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | -$128M |
| Income Tax Expense | $267.7K |
| Net Income from Continuing Ops | -$128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$128M |
| D&A | $2M |
| EBIT | -$105M |
| EBITDA | -$102M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$128M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $267.7K |
| Other Non-Cash Items | $47M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$72M |
| Capital Expenditure | -$399.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $710.9K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $426.8K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$72M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $302M |
| Short-Term Investments | $0 |
| Net Receivables | $57M |
| Inventory | $294M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $733M |
| PP&E (Net) | $122M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $153M |
| TOTAL ASSETS | $887M |
| Account Payables | $116M |
| Short-Term Debt | $530M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $342M |
| TOTAL CURRENT LIABILITIES | $991M |
| Long-Term Debt | $256M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $271M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $9M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$2.9B |
| Treasury Stock | -$138.0K |
| Accum. Other Comp. Income | $934.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$375M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$375M |
| TOTAL LIABILITIES & EQUITY | $887M |
| Total Debt | $786M |
| Net Debt | $484M |
