| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $399.0K | $640.0K | $988.0K | -37.7% | -59.6% |
| Op. Income | -$83M | -$74M | -$53M | -12.6% | -56.2% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -18560.2% | -10457.8% | -5159.8% | -8102.3pp | -13400.3pp |
| EPS (Diluted) | $-0.94 | $-0.93 | $-0.94 | -1.1% | 0.0% |
| Free Cash Flow | -$49M | -$54M | -$46M | 10.3% | -5.7% |
| Item | Amount |
|---|---|
| REVENUE | $399.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $399.0K |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $83M |
| Cost & Expenses | $83M |
| OPERATING INCOME | -$83M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$74M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$74M |
| D&A | $753.0K |
| EBIT | -$83M |
| EBITDA | -$82M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$74M |
| Depreciation & Amortization | $753.0K |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$48M |
| Capital Expenditure | -$955.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$192M |
| Sales/Maturities of Investments | $139M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $302M |
| Short-Term Investments | $561M |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $875M |
| PP&E (Net) | $57M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $936M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $202.0K |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $105M |
| Common Stock | $1.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$795M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$190.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $831M |
| Minority Interest | $0 |
| TOTAL EQUITY | $831M |
| TOTAL LIABILITIES & EQUITY | $936M |
| Total Debt | $53M |
| Net Debt | -$249M |
