| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $122M | $156M | 13.7% | -11.0% |
| Op. Income | -$16M | -$10M | $10M | -64.1% | -256.9% |
| Gross Margin | 52.9% | 51.7% | 54.5% | 1.3pp | -1.5pp |
| Net Margin | -9.0% | -6.6% | 1.0% | -2.4pp | -10.0pp |
| EPS (Diluted) | $-0.11 | $-0.07 | $0.01 | -57.1% | -1200.0% |
| Free Cash Flow | -$24M | $25M | -$18M | -196.8% | -33.7% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $73M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $20M |
| Operating Expenses | $89M |
| Cost & Expenses | $154M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$805.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$4M |
| 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 | $3M |
| EBIT | -$15M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $0 |
| Net Receivables | $124M |
| Inventory | $84M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $285M |
| PP&E (Net) | $45M |
| Goodwill | $238M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $146M |
| TOTAL NON-CURRENT ASSETS | $429M |
| TOTAL ASSETS | $714M |
| Account Payables | $30M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $84M |
| TOTAL CURRENT LIABILITIES | $152M |
| Long-Term Debt | $119M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $169M |
| TOTAL LIABILITIES | $321M |
| Common Stock | $116.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $393M |
| Minority Interest | $0 |
| TOTAL EQUITY | $393M |
| TOTAL LIABILITIES & EQUITY | $714M |
| Total Debt | $151M |
| Net Debt | $105M |
