| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $82M | $77M | 6.8% | 13.6% |
| Op. Income | -$22M | $16M | $20M | -236.2% | -209.3% |
| Gross Margin | 86.0% | 87.2% | 87.5% | -1.2pp | -1.5pp |
| Net Margin | -38.6% | 11.3% | 19.8% | -49.9pp | -58.5pp |
| EPS (Diluted) | $-1.32 | $0.31 | $0.51 | -525.8% | -358.8% |
| Free Cash Flow | $31M | $17M | -$4M | 82.7% | 805.6% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $76M |
| R&D Expenses | $18M |
| Selling & Marketing | $50M |
| General & Administrative | $29M |
| SG&A Expenses | $79M |
| Other Expenses | $1M |
| Operating Expenses | $97M |
| Cost & Expenses | $110M |
| OPERATING INCOME | -$22M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $2M |
| EBIT | -$22M |
| EBITDA | -$20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$201.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | $210M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | $238M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $318M |
| Short-Term Investments | $0 |
| Net Receivables | $209M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $534M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $14M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $652.0K |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $556M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $97M |
| TOTAL CURRENT LIABILITIES | $190M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $196M |
| Common Stock | $0 |
| Additional Paid-In Capital | $594M |
| Retained Earnings | -$234M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $360M |
| Minority Interest | $0 |
| TOTAL EQUITY | $360M |
| TOTAL LIABILITIES & EQUITY | $556M |
| Total Debt | $0 |
| Net Debt | -$318M |
