| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$86M | $41M | $32M | -311.6% | -372.1% |
| Op. Income | -$94M | $28M | $23M | -436.7% | -507.0% |
| Gross Margin | 108.0% | 100.0% | 100.0% | 8.0pp | 8.0pp |
| Net Margin | 4.1% | 85.1% | 20.6% | -80.9pp | -16.4pp |
| EPS (Diluted) | $-0.04 | $0.43 | $0.10 | -108.5% | -136.6% |
| Free Cash Flow | $29M | $22M | $22M | 30.1% | 31.2% |
| Item | Amount |
|---|---|
| REVENUE | -$86M |
| Cost of Revenue | $7M |
| GROSS PROFIT | -$93M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $989.8K |
| SG&A Expenses | $989.8K |
| Other Expenses | $25.0K |
| Operating Expenses | $1M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$94M |
| Interest Income | $50M |
| Interest Expense | $7M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $0 |
| EBIT | -$94M |
| EBITDA | -$94M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $29M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | $2 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$200M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$102M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $95M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $86M |
| Short-Term Investments | $0 |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $143M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $975M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $1.2B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.0K |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $261M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $261M |
| TOTAL LIABILITIES | $309M |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$273M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $902M |
| Minority Interest | $0 |
| TOTAL EQUITY | $902M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $261M |
| Net Debt | $175M |
