| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $22M | $23M | 28.8% | 24.1% |
| Op. Income | -$35.0K | -$5M | -$5M | 99.3% | 99.3% |
| Gross Margin | 89.7% | 88.7% | 84.6% | 1.0pp | 5.1pp |
| Net Margin | -1.0% | -24.7% | -25.4% | 23.7pp | 24.4pp |
| EPS (Diluted) | $-0.01 | $-0.23 | $-0.25 | 94.7% | 95.1% |
| Free Cash Flow | $2M | -$8M | -$6M | 121.5% | 130.0% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $26M |
| R&D Expenses | $19M |
| Selling & Marketing | $3M |
| General & Administrative | $4M |
| SG&A Expenses | $7M |
| Other Expenses | $149.0K |
| Operating Expenses | $26M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$35.0K |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$291.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$291.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$291.0K |
| D&A | $1M |
| EBIT | -$35.0K |
| EBITDA | $987.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$291.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$141.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$608.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $134M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $207M |
| PP&E (Net) | $13M |
| Goodwill | $58M |
| Intangible Assets | $2M |
| Long-Term Investments | $288.0K |
| Tax Assets | $1M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $93M |
| TOTAL ASSETS | $300M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $254M |
| Retained Earnings | $14M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $264M |
| Minority Interest | $0 |
| TOTAL EQUITY | $264M |
| TOTAL LIABILITIES & EQUITY | $300M |
| Total Debt | $6M |
| Net Debt | -$19M |
