| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $91M | $73M | $175M | 24.7% | -48.1% |
| Op. Income | -$45M | -$39M | -$12M | -15.2% | -257.2% |
| Gross Margin | 78.7% | 95.9% | 97.2% | -17.2pp | -18.4pp |
| Net Margin | 11.5% | 144.5% | 3.4% | -133.0pp | 8.1pp |
| EPS (Diluted) | $0.16 | $1.60 | $0.09 | -89.8% | 80.9% |
| Free Cash Flow | -$82M | -$150M | -$151M | 45.8% | 46.0% |
| Item | Amount |
|---|---|
| REVENUE | $91M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $72M |
| R&D Expenses | $86M |
| Selling & Marketing | -$2M |
| General & Administrative | $21M |
| SG&A Expenses | $19M |
| Other Expenses | $12M |
| Operating Expenses | $116M |
| Cost & Expenses | $136M |
| OPERATING INCOME | -$45M |
| Interest Income | $28M |
| Interest Expense | $333.2K |
| Other Income/Expenses | $49M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | -$667.6K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $5M |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $0 |
| EBIT | $70M |
| EBITDA | $70M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$100M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$78M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $81M |
| NET CASH FROM INVESTING | $77M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$82M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $3.9B |
| Net Receivables | $119M |
| Inventory | $74M |
| Other Current Assets | $82M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $150M |
| Goodwill | $82M |
| Intangible Assets | $213M |
| Long-Term Investments | $60M |
| Tax Assets | $1M |
| Other Non-Current Assets | $224M |
| TOTAL NON-CURRENT ASSETS | $731M |
| TOTAL ASSETS | $5.0B |
| Account Payables | $150M |
| Short-Term Debt | $0 |
| Deferred Revenue | $271M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $426M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $344M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$139M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $13M |
| Net Debt | -$72M |
