| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $105M | $108M | $169M | -2.7% | -38.0% |
| Op. Income | -$16M | -$18M | $16M | 9.3% | -204.1% |
| Gross Margin | 44.8% | 45.8% | 47.6% | -0.9pp | -2.7pp |
| Net Margin | -15.1% | -13.6% | 6.3% | -1.5pp | -21.3pp |
| EPS (Diluted) | $-0.34 | $-0.31 | $0.22 | -9.7% | -254.5% |
| Free Cash Flow | -$919.0K | -$17M | $50M | 94.7% | -101.8% |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $47M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $10M |
| Operating Expenses | $63M |
| Cost & Expenses | $121M |
| OPERATING INCOME | -$16M |
| Interest Income | $2M |
| Interest Expense | $144.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $13M |
| EBIT | -$16M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $56.0K |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | -$610.0K |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$919.0K |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $59M |
| Net Receivables | $103M |
| Inventory | $146M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $546M |
| PP&E (Net) | $90M |
| Goodwill | $237M |
| Intangible Assets | $131M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $493M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $22M |
| Short-Term Debt | $15M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $64M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $50M |
| Additional Paid-In Capital | $686M |
| Retained Earnings | $288M |
| Treasury Stock | -$80M |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $896M |
| Minority Interest | $0 |
| TOTAL EQUITY | $896M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $34M |
| Net Debt | -$169M |
