| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $156.0K | $268.0K | 1501.3% | 832.1% |
| Op. Income | -$46M | -$41M | -$33M | -14.1% | -39.5% |
| Gross Margin | 68.1% | -396.8% | -9695.5% | 464.9pp | 9763.6pp |
| Net Margin | -1434.8% | -21030.8% | -11381.3% | 19595.9pp | 9946.5pp |
| EPS (Diluted) | $-0.54 | $-0.56 | $-0.65 | 3.6% | 16.9% |
| Free Cash Flow | -$30M | -$41M | -$28M | 27.8% | -7.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $797.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $49M |
| OPERATING INCOME | -$46M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $797.0K |
| EBIT | -$46M |
| EBITDA | -$46M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $797.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$274.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$169M |
| Sales/Maturities of Investments | $122M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $760M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $812M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $107.0K |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $846M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $32M |
| Common Stock | $66.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $814M |
| Minority Interest | $0 |
| TOTAL EQUITY | $814M |
| TOTAL LIABILITIES & EQUITY | $846M |
| Total Debt | $2M |
| Net Debt | -$40M |
