| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $174M | $165M | $145M | 5.4% | 20.0% |
| Op. Income | -$44M | -$32M | -$43M | -36.1% | -1.2% |
| Gross Margin | 83.8% | 84.3% | 82.9% | -0.5pp | 1.0pp |
| Net Margin | -11.6% | -14.1% | -24.6% | 2.5pp | 13.0pp |
| EPS (Diluted) | $-0.07 | $-0.08 | $-0.12 | 14.0% | 43.9% |
| Free Cash Flow | $33M | $39M | $18M | -15.1% | 81.5% |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $146M |
| R&D Expenses | $41M |
| Selling & Marketing | $104M |
| General & Administrative | $45M |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $190M |
| Cost & Expenses | $218M |
| OPERATING INCOME | -$44M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $4M |
| EBIT | -$44M |
| EBITDA | -$40M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$214M |
| Purchases of Investments | -$174M |
| Sales/Maturities of Investments | $209M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$183M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | -$158M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $310M |
| Short-Term Investments | $709M |
| Net Receivables | $101M |
| Inventory | $0 |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $56M |
| Goodwill | $147M |
| Intangible Assets | $98M |
| Long-Term Investments | $0 |
| Tax Assets | $10M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $347M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $292M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $368M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $428M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | -$3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $32M |
| Net Debt | -$279M |
