| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $4M | 129.7% | -44.5% |
| Op. Income | -$40M | -$132M | -$6M | 69.8% | -593.0% |
| Gross Margin | 100.0% | 100.0% | -34.1% | 0.0pp | 134.1pp |
| Net Margin | -1528.0% | -12584.3% | -130.4% | 11056.3pp | -1397.6pp |
| EPS (Diluted) | $-0.60 | $-12.56 | $-0.46 | 95.2% | -30.4% |
| Free Cash Flow | -$26M | -$13M | -$6M | -93.0% | -328.4% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $6M |
| Operating Expenses | $42M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$40M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $673.0K |
| EBIT | -$34M |
| EBITDA | -$33M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $673.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$113M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $33M |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $304.0K |
| NET CASH FROM FINANCING | $694.0K |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $113M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $284M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $296M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $42M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $642M |
| Retained Earnings | -$388M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $254M |
| Minority Interest | $0 |
| TOTAL EQUITY | $254M |
| TOTAL LIABILITIES & EQUITY | $296M |
| Total Debt | $3M |
| Net Debt | -$163M |
