| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $170M | $169M | $154M | 0.7% | 10.8% |
| Op. Income | -$31M | -$30M | -$38M | -4.6% | 18.8% |
| Gross Margin | 52.9% | 52.9% | 51.9% | 0.0pp | 1.1pp |
| Net Margin | -13.5% | -12.6% | -20.7% | -0.9pp | 7.2pp |
| EPS (Diluted) | $-0.15 | $-0.14 | $-0.21 | -7.1% | 28.6% |
| Free Cash Flow | $17M | $18M | -$12M | -5.8% | 247.7% |
| Item | Amount |
|---|---|
| REVENUE | $170M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $90M |
| R&D Expenses | $34M |
| Selling & Marketing | $58M |
| General & Administrative | $30M |
| SG&A Expenses | $88M |
| Other Expenses | -$21.0K |
| Operating Expenses | $121M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$31M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $6M |
| EBIT | -$31M |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $241.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $710M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $0 |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $795M |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $15M |
| Long-Term Investments | $193.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $109M |
| TOTAL ASSETS | $904M |
| Account Payables | $122M |
| Short-Term Debt | $2M |
| Deferred Revenue | $157M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $316M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $319M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$825M |
| Treasury Stock | -$80M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $585M |
| Minority Interest | $0 |
| TOTAL EQUITY | $585M |
| TOTAL LIABILITIES & EQUITY | $904M |
| Total Debt | $2M |
| Net Debt | -$708M |
