| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $252M | $247M | $223M | 2.1% | 13.1% |
| Op. Income | -$19M | -$21M | -$25M | 6.4% | 23.3% |
| Gross Margin | 53.0% | 53.6% | 53.2% | -0.6pp | -0.2pp |
| Net Margin | -5.1% | -2.9% | -9.8% | -2.2pp | 4.7pp |
| EPS (Diluted) | $-0.17 | $-0.10 | $-0.30 | -76.5% | 43.3% |
| Free Cash Flow | $8M | $17M | $13M | -52.9% | -39.5% |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $134M |
| R&D Expenses | $41M |
| Selling & Marketing | $78M |
| General & Administrative | $34M |
| SG&A Expenses | $112M |
| Other Expenses | $0 |
| Operating Expenses | $153M |
| Cost & Expenses | $271M |
| OPERATING INCOME | -$19M |
| Interest Income | $14M |
| Interest Expense | $4M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $16M |
| EBIT | -$6M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | $108.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$292M |
| Sales/Maturities of Investments | $210M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | -$487.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $931M |
| Net Receivables | $106M |
| Inventory | $0 |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $162M |
| Goodwill | $227M |
| Intangible Assets | $33M |
| Long-Term Investments | $2M |
| Tax Assets | $3M |
| Other Non-Current Assets | $160M |
| TOTAL NON-CURRENT ASSETS | $588M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $29M |
| Short-Term Debt | $432M |
| Deferred Revenue | $65M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $615M |
| Long-Term Debt | $730M |
| Deferred Revenue NC | $767.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $770M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $75.0K |
| Additional Paid-In Capital | $951M |
| Retained Earnings | -$425M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$502.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $526M |
| Minority Interest | $0 |
| TOTAL EQUITY | $526M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $1.2B |
| Net Debt | $1.0B |
