| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $132M | $373M | $168M | -64.6% | -21.4% |
| Op. Income | -$47M | -$11M | -$47M | -327.3% | 0.0% |
| Gross Margin | 64.4% | 48.0% | 63.1% | 16.4pp | 1.3pp |
| Net Margin | -31.8% | -2.9% | -32.1% | -28.9pp | 0.3pp |
| EPS (Diluted) | $-0.07 | $-0.02 | $-0.08 | -281.0% | 14.9% |
| Free Cash Flow | -$59M | $89M | -$35M | -166.3% | -68.6% |
| Item | Amount |
|---|---|
| REVENUE | $132M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $85M |
| R&D Expenses | $50M |
| Selling & Marketing | $43M |
| General & Administrative | $30M |
| SG&A Expenses | $73M |
| Other Expenses | $9M |
| Operating Expenses | $132M |
| Cost & Expenses | $179M |
| OPERATING INCOME | -$47M |
| Interest Income | $9M |
| Interest Expense | $2M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $16M |
| EBIT | -$52M |
| EBITDA | -$36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $143M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $415M |
| Short-Term Investments | $41M |
| Net Receivables | $140M |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $645M |
| PP&E (Net) | $65M |
| Goodwill | $597M |
| Intangible Assets | $181M |
| Long-Term Investments | $35M |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $968M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $18M |
| Short-Term Debt | $383M |
| Deferred Revenue | $174M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $713M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $784M |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $829M |
| Minority Interest | $0 |
| TOTAL EQUITY | $829M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $432M |
| Net Debt | $17M |
