| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $874.0K | $969.0K | 113.2% | 92.3% |
| Op. Income | -$22M | -$18M | -$12M | -24.4% | -88.6% |
| Gross Margin | 100.0% | 100.0% | 91.3% | 0.0pp | 8.7pp |
| Net Margin | -945.1% | -1573.0% | -1149.6% | 627.9pp | 204.6pp |
| EPS (Diluted) | $-0.51 | $-0.54 | $-0.87 | 5.6% | 41.4% |
| Free Cash Flow | -$15M | -$15M | -$5M | 2.9% | -206.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$22M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $111.0K |
| EBIT | -$22M |
| EBITDA | -$22M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $111.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$422.0K |
| Change in Working Capital | $289.0K |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$17.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$218M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $314M |
| Short-Term Investments | $47M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $366M |
| PP&E (Net) | $631.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $369M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $100.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $682.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $712.0K |
| TOTAL LIABILITIES | $11M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $479M |
| Retained Earnings | -$121M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $358M |
| Minority Interest | $0 |
| TOTAL EQUITY | $358M |
| TOTAL LIABILITIES & EQUITY | $369M |
| Total Debt | $407.0K |
| Net Debt | -$314M |
