| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $163M | $174M | $183M | -6.4% | -10.8% |
| Op. Income | -$485M | -$2M | -$19M | -19370.4% | -2494.2% |
| Gross Margin | 72.2% | 73.3% | 74.1% | -1.2pp | -1.9pp |
| Net Margin | -378.1% | -0.8% | 13.5% | -377.3pp | -391.6pp |
| EPS (Diluted) | $-6.01 | $-0.01 | $-0.11 | -43137.4% | -5363.6% |
| Free Cash Flow | -$4M | $25M | $46M | -114.1% | -107.8% |
| Item | Amount |
|---|---|
| REVENUE | $163M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $118M |
| R&D Expenses | $44M |
| Selling & Marketing | $24M |
| General & Administrative | $54M |
| SG&A Expenses | $78M |
| Other Expenses | $482M |
| Operating Expenses | $603M |
| Cost & Expenses | $648M |
| OPERATING INCOME | -$485M |
| Interest Income | $0 |
| Interest Expense | $651.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$479M |
| Income Tax Expense | $138M |
| Net Income from Continuing Ops | -$617M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$617M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$617M |
| D&A | $20M |
| EBIT | -$478M |
| EBITDA | -$458M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$617M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $138M |
| Other Non-Cash Items | $487M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $212M |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $434M |
| PP&E (Net) | $201M |
| Goodwill | $190M |
| Intangible Assets | $13M |
| Long-Term Investments | $260M |
| Tax Assets | $2M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $681M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $14M |
| Short-Term Debt | $358M |
| Deferred Revenue | $45M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $485M |
| Long-Term Debt | $243M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $264M |
| TOTAL LIABILITIES | $749M |
| Common Stock | $103.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$671M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $366M |
| Minority Interest | $0 |
| TOTAL EQUITY | $366M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $617M |
| Net Debt | $483M |
