| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | — | $17M | — | -14.3% |
| Op. Income | -$28M | — | -$50M | — | 44.5% |
| Gross Margin | 56.1% | — | 55.3% | — | 0.8pp |
| Net Margin | -73.5% | — | -142.5% | — | 69.0pp |
| EPS (Diluted) | $-0.73 | — | $-3.65 | — | 80.0% |
| Free Cash Flow | -$22M | — | -$33M | — | 34.5% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $8M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $3M |
| Operating Expenses | $36M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$28M |
| Interest Income | $734.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | -$9.0K |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $1M |
| EBIT | -$27M |
| EBITDA | -$26M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$176.0K |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $10M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $19M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $42M |
| TOTAL ASSETS | $146M |
| Account Payables | $38M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $76M |
| Long-Term Debt | $67M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $85M |
| TOTAL LIABILITIES | $160M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $739M |
| Retained Earnings | -$721M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | -$32M |
| TOTAL EQUITY | -$15M |
| TOTAL LIABILITIES & EQUITY | $146M |
| Total Debt | $88M |
| Net Debt | $12M |
