| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $100M | $84M | 2.7% | 22.4% |
| Op. Income | -$19M | -$17M | -$17M | -15.0% | -10.0% |
| Gross Margin | 78.8% | 79.5% | 77.6% | -0.7pp | 1.2pp |
| Net Margin | -13.9% | -8.8% | -18.4% | -5.1pp | 4.5pp |
| EPS (Diluted) | $-0.13 | $-0.08 | $-0.15 | -58.3% | 13.3% |
| Free Cash Flow | $16M | $17M | $16M | -4.0% | -1.5% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $81M |
| R&D Expenses | $37M |
| Selling & Marketing | $46M |
| General & Administrative | $17M |
| SG&A Expenses | $62M |
| Other Expenses | $1M |
| Operating Expenses | $100M |
| Cost & Expenses | $122M |
| OPERATING INCOME | -$19M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $4M |
| EBIT | -$18M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $478.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$732.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$91M |
| Sales/Maturities of Investments | $227M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $135M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $147M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $218M |
| Short-Term Investments | $373M |
| Net Receivables | $82M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $703M |
| PP&E (Net) | $25M |
| Goodwill | $248M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $318M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $16M |
| Short-Term Debt | $8M |
| Deferred Revenue | $206M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $270M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$5M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $300M |
| Common Stock | $308.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$314M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $721M |
| Minority Interest | $0 |
| TOTAL EQUITY | $721M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $27M |
| Net Debt | -$191M |
