| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $349M | $289M | $339M | 20.8% | 3.1% |
| Op. Income | -$3M | -$8M | -$5M | 65.7% | 48.5% |
| Gross Margin | 46.6% | 47.8% | 42.5% | -1.2pp | 4.1pp |
| Net Margin | -1.3% | -3.4% | -0.9% | 2.1pp | -0.4pp |
| EPS (Diluted) | $-0.07 | $-0.16 | $-0.05 | 54.1% | -54.5% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $349M |
| Cost of Revenue | $187M |
| GROSS PROFIT | $163M |
| R&D Expenses | $19M |
| Selling & Marketing | $123M |
| General & Administrative | $25M |
| SG&A Expenses | $149M |
| Other Expenses | -$2M |
| Operating Expenses | $166M |
| Cost & Expenses | $352M |
| OPERATING INCOME | -$3M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $79.9K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $549.8K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $9M |
| EBIT | -$609.9K |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $248M |
| Short-Term Investments | $169M |
| Net Receivables | $277M |
| Inventory | $211M |
| Other Current Assets | $101M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $245M |
| Goodwill | $54M |
| Intangible Assets | $51M |
| Long-Term Investments | $53M |
| Tax Assets | $29M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $447M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $64M |
| Short-Term Debt | $272M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $152M |
| TOTAL CURRENT LIABILITIES | $490M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $106M |
| TOTAL LIABILITIES | $596M |
| Common Stock | $15.1K |
| Additional Paid-In Capital | $674M |
| Retained Earnings | -$88M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $590M |
| Minority Interest | $268M |
| TOTAL EQUITY | $858M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $366M |
| Net Debt | $118M |
