| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $198M | $226M | $261M | -12.4% | -24.1% |
| Op. Income | -$11M | -$2M | $12M | -458.9% | -196.1% |
| Gross Margin | 54.3% | 54.2% | 52.3% | 0.1pp | 2.0pp |
| Net Margin | -4.0% | 0.0% | 3.6% | -4.1pp | -7.6pp |
| EPS (Diluted) | $-0.12 | $0.00 | $0.13 | -8100.0% | -192.3% |
| Free Cash Flow | $16M | $11M | $12M | 49.3% | 36.9% |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $108M |
| R&D Expenses | $44M |
| Selling & Marketing | $52M |
| General & Administrative | $23M |
| SG&A Expenses | $75M |
| Other Expenses | $0 |
| Operating Expenses | $119M |
| Cost & Expenses | $209M |
| OPERATING INCOME | -$11M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$724.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $5M |
| EBIT | -$11M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$113M |
| Sales/Maturities of Investments | $89M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $177M |
| Net Receivables | $82M |
| Inventory | $113M |
| Other Current Assets | $113M |
| TOTAL CURRENT ASSETS | $570M |
| PP&E (Net) | $39M |
| Goodwill | $116M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $173M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $348M |
| TOTAL ASSETS | $918M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $32M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $164M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$368M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$973.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $754M |
| Minority Interest | $0 |
| TOTAL EQUITY | $754M |
| TOTAL LIABILITIES & EQUITY | $918M |
| Total Debt | $10M |
| Net Debt | -$74M |
