| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56M | $38M | $81M | 48.1% | -30.2% |
| Op. Income | -$223M | -$178M | -$184M | -25.2% | -21.1% |
| Gross Margin | 75.6% | 75.7% | 77.5% | -0.2pp | -2.0pp |
| Net Margin | -386.4% | -437.3% | -215.1% | 50.9pp | -171.3pp |
| EPS (Diluted) | $-4.23 | $-3.32 | $-3.60 | -27.4% | -17.5% |
| Free Cash Flow | -$111M | -$96M | -$87M | -16.1% | -28.0% |
| Item | Amount |
|---|---|
| REVENUE | $56M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $42M |
| R&D Expenses | $134M |
| Selling & Marketing | $0 |
| General & Administrative | $66M |
| SG&A Expenses | $66M |
| Other Expenses | $65M |
| Operating Expenses | $265M |
| Cost & Expenses | $279M |
| OPERATING INCOME | -$223M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$217M |
| Income Tax Expense | $190.0K |
| Net Income from Continuing Ops | -$217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$217M |
| D&A | $17M |
| EBIT | -$158M |
| EBITDA | -$141M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$217M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $72M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$84M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $191.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$200.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40.0K |
| NET CASH FROM FINANCING | -$226.0K |
| FREE CASH FLOW | -$111M |
| Net Change in Cash | -$111M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $730M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $783M |
| PP&E (Net) | $629M |
| Goodwill | $0 |
| Intangible Assets | $91M |
| Long-Term Investments | $62M |
| Tax Assets | $0 |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $842M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $166M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $153M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $626M |
| TOTAL LIABILITIES | $792M |
| Common Stock | $206.0K |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | -$5.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $833M |
| Minority Interest | $0 |
| TOTAL EQUITY | $833M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $452M |
| Net Debt | -$278M |
