| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $78M | $75M | $65M | 4.6% | 20.2% |
| Op. Income | -$2M | -$3M | -$7M | 33.2% | 69.8% |
| Gross Margin | 75.7% | 72.6% | 69.5% | 3.1pp | 6.2pp |
| Net Margin | -16.4% | -2.3% | -19.4% | -14.1pp | 3.0pp |
| EPS (Diluted) | $-0.07 | $-0.01 | $-0.07 | -637.9% | -2.2% |
| Free Cash Flow | $15M | $7M | $7M | 124.8% | 118.6% |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $59M |
| R&D Expenses | $13M |
| Selling & Marketing | $30M |
| General & Administrative | $18M |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $80M |
| OPERATING INCOME | -$2M |
| Interest Income | $37.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $1M |
| EBIT | -$2M |
| EBITDA | -$810.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$85.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$732.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $953.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$1.0K |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $4M |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $317M |
| PP&E (Net) | $18M |
| Goodwill | $18M |
| Intangible Assets | $10M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $110M |
| TOTAL ASSETS | $427M |
| Account Payables | $7M |
| Short-Term Debt | $6M |
| Deferred Revenue | $118M |
| Other Current Liabilities | -$6M |
| TOTAL CURRENT LIABILITIES | $173M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $688M |
| Retained Earnings | -$485M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $206M |
| Minority Interest | $1M |
| TOTAL EQUITY | $207M |
| TOTAL LIABILITIES & EQUITY | $427M |
| Total Debt | $14M |
| Net Debt | -$213M |
