| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $77M | $81M | 33.4% | 27.6% |
| Op. Income | $55M | $26M | $18M | 111.9% | 195.7% |
| Gross Margin | 82.2% | 85.8% | 70.4% | -3.6pp | 11.8pp |
| Net Margin | -33.6% | 47.1% | 1.6% | -80.7pp | -35.1pp |
| EPS (Diluted) | $-0.55 | $0.46 | $0.02 | -219.6% | -2850.0% |
| Free Cash Flow | $44M | $37M | $38M | 18.0% | 14.5% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $85M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $49M |
| OPERATING INCOME | $55M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$94M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | -$5M |
| 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 | $10M |
| EBIT | -$33M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $99M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $37M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $358M |
| PP&E (Net) | $4M |
| Goodwill | $18M |
| Intangible Assets | $217M |
| Long-Term Investments | $536M |
| Tax Assets | $11M |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $867M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $855.0K |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $447M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $82M |
| TOTAL NON-CURRENT LIABILITIES | $531M |
| TOTAL LIABILITIES | $559M |
| Common Stock | $626.0K |
| Additional Paid-In Capital | $688M |
| Retained Earnings | -$23M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $666M |
| Minority Interest | $0 |
| TOTAL EQUITY | $666M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $451M |
| Net Debt | $234M |
