| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $138M | $68M | -51.0% | -0.8% |
| Op. Income | -$8M | $59M | -$15M | -113.0% | 48.1% |
| Gross Margin | 68.4% | 80.6% | 59.9% | -12.2pp | 8.5pp |
| Net Margin | -409.8% | 17.2% | -38.1% | -427.1pp | -371.7pp |
| EPS (Diluted) | $-6.66 | $0.53 | $-0.65 | -1356.6% | -924.6% |
| Free Cash Flow | -$801.0K | -$4M | $5M | 78.6% | -115.5% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $46M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $76M |
| OPERATING INCOME | -$8M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | -$259M |
| INCOME BEFORE TAX | -$266M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | -$278M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$278M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$278M |
| D&A | $3M |
| EBIT | -$263M |
| EBITDA | -$261M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$278M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $261M |
| Change in Working Capital | -$548.0K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$569.0K |
| NET CASH FROM INVESTING | -$944.0K |
| Net Debt Issuance | -$80.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $645.0K |
| FREE CASH FLOW | -$801.0K |
| Net Change in Cash | $440.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $9M |
| Net Receivables | $67M |
| Inventory | $1M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $227M |
| PP&E (Net) | $43M |
| Goodwill | $651M |
| Intangible Assets | $3M |
| Long-Term Investments | $7M |
| Tax Assets | $7M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $760M |
| TOTAL ASSETS | $987M |
| Account Payables | $16M |
| Short-Term Debt | -$402.0K |
| Deferred Revenue | $45M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $279M |
| Deferred Revenue NC | $103M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $417M |
| TOTAL LIABILITIES | $524M |
| Common Stock | $417.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$588M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $463M |
| Minority Interest | $0 |
| TOTAL EQUITY | $463M |
| TOTAL LIABILITIES & EQUITY | $987M |
| Total Debt | $292M |
| Net Debt | $193M |
