| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $5M | — | 78.0% | — |
| Op. Income | -$17M | -$21M | — | 17.6% | — |
| Gross Margin | 81.0% | 48.2% | — | 32.8pp | — |
| Net Margin | -313.5% | 124.6% | — | -438.1pp | — |
| EPS (Diluted) | $-0.28 | $0.05 | — | -611.9% | — |
| Free Cash Flow | $51M | -$24M | — | 317.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $7M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$2M |
| Operating Expenses | $24M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$17M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$193.0K |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $5M |
| EBIT | -$24M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $830.0K |
| Deferred Income Tax | -$193.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$105M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$162.0K |
| NET CASH FROM FINANCING | $79M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $149M |
| Short-Term Investments | $124M |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $306M |
| PP&E (Net) | $84M |
| Goodwill | $0 |
| Intangible Assets | $653.0K |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $101M |
| TOTAL ASSETS | $407M |
| Account Payables | $18M |
| Short-Term Debt | $5M |
| Deferred Revenue | $118M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $160M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $259M |
| Common Stock | $6M |
| Additional Paid-In Capital | $606M |
| Retained Earnings | -$425M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $149M |
| Minority Interest | $0 |
| TOTAL EQUITY | $149M |
| TOTAL LIABILITIES & EQUITY | $407M |
| Total Debt | $91M |
| Net Debt | -$58M |
