| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $235M | $217M | $189M | 8.2% | 24.1% |
| Op. Income | -$108M | -$111M | -$119M | 2.7% | 9.2% |
| Gross Margin | 72.4% | 71.8% | 69.4% | 0.5pp | 3.0pp |
| Net Margin | -38.3% | -42.8% | -54.6% | 4.5pp | 16.4pp |
| EPS (Diluted) | $-0.28 | $-0.30 | $-0.35 | 6.7% | 20.0% |
| Free Cash Flow | $3M | -$32M | -$35M | 108.6% | 107.7% |
| Item | Amount |
|---|---|
| REVENUE | $235M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $170M |
| R&D Expenses | $106M |
| Selling & Marketing | $133M |
| General & Administrative | $39M |
| SG&A Expenses | $172M |
| Other Expenses | $0 |
| Operating Expenses | $278M |
| Cost & Expenses | $343M |
| OPERATING INCOME | -$108M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | -$86M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$90M |
| D&A | $6M |
| EBIT | -$108M |
| EBITDA | -$103M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$90M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $99M |
| Deferred Income Tax | -$273.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$457M |
| Sales/Maturities of Investments | $416M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $311M |
| Short-Term Investments | $1.6B |
| Net Receivables | $257M |
| Inventory | $0 |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $77M |
| Goodwill | $52M |
| Intangible Assets | $2M |
| Long-Term Investments | $165.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $134M |
| TOTAL NON-CURRENT ASSETS | $266M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $14M |
| Short-Term Debt | $11M |
| Deferred Revenue | $329M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $520M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $874M |
| Minority Interest | $0 |
| TOTAL EQUITY | $874M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.1B |
| Net Debt | $802M |
