| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $517.0K | $504.0K | $70M | 2.6% | -99.3% |
| Op. Income | -$151M | -$141M | -$95M | -7.6% | -58.8% |
| Gross Margin | -10920.5% | -10177.6% | 36.2% | -742.9pp | -10956.7pp |
| Net Margin | -24450.3% | -23133.1% | -111.1% | -1317.2pp | -24339.2pp |
| EPS (Diluted) | $-1.49 | $-1.43 | $-0.98 | -4.2% | -52.0% |
| Free Cash Flow | -$96M | $109M | -$137M | -188.3% | 29.6% |
| Item | Amount |
|---|---|
| REVENUE | $517.0K |
| Cost of Revenue | $57M |
| GROSS PROFIT | -$56M |
| R&D Expenses | $75M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $95M |
| Cost & Expenses | $152M |
| OPERATING INCOME | -$151M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | -$125M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$126M |
| D&A | $5M |
| EBIT | -$151M |
| EBITDA | -$146M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$126M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$96M |
| Capital Expenditure | -$707.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$476M |
| Sales/Maturities of Investments | $350M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$127M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $546.0K |
| NET CASH FROM FINANCING | -$466.0K |
| FREE CASH FLOW | -$96M |
| Net Change in Cash | -$223M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $484M |
| Short-Term Investments | $1.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $292M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $329M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $9M |
| Short-Term Debt | $16M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $82M |
| TOTAL CURRENT LIABILITIES | $128M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $231M |
| TOTAL LIABILITIES | $359M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$62.0K |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $231M |
| Net Debt | -$253M |
