| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | — | $13M | — | 432.2% |
| Op. Income | $37M | — | -$28M | — | 231.5% |
| Gross Margin | 100.0% | — | 131.6% | — | -31.6pp |
| Net Margin | 49.6% | — | -181.6% | — | 231.2pp |
| EPS (Diluted) | $0.58 | — | $-0.49 | — | 219.0% |
| Free Cash Flow | -$14M | — | -$33M | — | 57.2% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $71M |
| R&D Expenses | $22M |
| Selling & Marketing | $456.0K |
| General & Administrative | $12M |
| SG&A Expenses | $13M |
| Other Expenses | -$67.8K |
| Operating Expenses | $35M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $37M |
| Interest Income | $625.5K |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $45.6K |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $1M |
| EBIT | $36M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $71M |
| R&D Expenses | $22M |
| Selling & Marketing | $456.0K |
| General & Administrative | $12M |
| SG&A Expenses | $13M |
| Other Expenses | -$67.8K |
| Operating Expenses | $35M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $37M |
| Interest Income | $625.5K |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $45.6K |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $1M |
| EBIT | $36M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $390.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$861.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32.7K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $91.2K |
| NET CASH FROM INVESTING | -$803.2K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$627.8K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $4.7K |
| Other Current Assets | $2.3K |
| TOTAL CURRENT ASSETS | $159M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $55M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $937.7K |
| TOTAL NON-CURRENT ASSETS | $67M |
| TOTAL ASSETS | $228M |
| Account Payables | $9M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $65M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $114M |
| Common Stock | $15M |
| Additional Paid-In Capital | $522M |
| Retained Earnings | -$421M |
| Treasury Stock | -$934.2K |
| Accum. Other Comp. Income | -$528.5K |
| Other Equity | -$2.3K |
| TOTAL STOCKHOLDERS' EQUITY | $114M |
| Minority Interest | $0 |
| TOTAL EQUITY | $114M |
| TOTAL LIABILITIES & EQUITY | $228M |
| Total Debt | $79M |
| Net Debt | $7M |
