| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $99M | $120M | — | -17.0% | — |
| Op. Income | -$16M | $501.0K | — | -3234.5% | — |
| Gross Margin | 24.6% | 28.6% | — | -4.0pp | — |
| Net Margin | -17.9% | 0.5% | — | -18.4pp | — |
| EPS (Diluted) | $-0.14 | $0.01 | — | -2792.3% | — |
| Free Cash Flow | -$92M | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $24M |
| R&D Expenses | $8M |
| Selling & Marketing | $2M |
| General & Administrative | $16M |
| SG&A Expenses | $18M |
| Other Expenses | $14M |
| Operating Expenses | $40M |
| Cost & Expenses | $115M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $44.0K |
| Other Income/Expenses | -$44.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $0 |
| EBIT | -$237.0K |
| EBITDA | -$237.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$64M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$74M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $80M |
| NET CASH FROM INVESTING | $54M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $270.0K |
| NET CASH FROM FINANCING | $105M |
| FREE CASH FLOW | -$92M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $204M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $8M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $360M |
| PP&E (Net) | $319M |
| Goodwill | $14M |
| Intangible Assets | $27M |
| Long-Term Investments | $42M |
| Tax Assets | $4M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $467M |
| TOTAL ASSETS | $828M |
| Account Payables | $36M |
| Short-Term Debt | $0 |
| Deferred Revenue | $120M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $200M |
| Long-Term Debt | $38M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $149M |
| TOTAL LIABILITIES | $348M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$67M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $546M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $479M |
| Minority Interest | $0 |
| TOTAL EQUITY | $479M |
| TOTAL LIABILITIES & EQUITY | $828M |
| Total Debt | $117M |
| Net Debt | -$87M |
