| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $27M | $33M | 4.9% | -14.2% |
| Op. Income | -$44M | -$52M | -$43M | 14.3% | -3.1% |
| Gross Margin | -29.9% | -67.9% | -13.5% | 38.0pp | -16.4pp |
| Net Margin | -145.5% | -190.0% | -132.8% | 44.4pp | -12.7pp |
| EPS (Diluted) | $-0.16 | $-0.20 | $-0.06 | 20.0% | -182.2% |
| Free Cash Flow | -$224M | -$44M | $18M | -411.9% | -1345.1% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $37M |
| GROSS PROFIT | -$9M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $15M |
| SG&A Expenses | $24M |
| Other Expenses | $12M |
| Operating Expenses | $36M |
| Cost & Expenses | $73M |
| OPERATING INCOME | -$44M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $203.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $8M |
| EBIT | -$39M |
| EBITDA | -$31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$187M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$221M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$42M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | -$28M |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $121M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $146M |
| FREE CASH FLOW | -$224M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $321M |
| Short-Term Investments | $58M |
| Net Receivables | $420M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $861M |
| PP&E (Net) | $34M |
| Goodwill | $32M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $97M |
| TOTAL ASSETS | $958M |
| Account Payables | $62M |
| Short-Term Debt | $247M |
| Deferred Revenue | $37M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $350M |
| Long-Term Debt | $516M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $563M |
| TOTAL LIABILITIES | $913M |
| Common Stock | $75.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | -$9M |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $0 |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $958M |
| Total Debt | $791M |
| Net Debt | $470M |
