| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $45M | $44M | -1.7% | 0.3% |
| Op. Income | -$9M | -$8M | -$10M | -7.5% | 10.6% |
| Gross Margin | 65.1% | 63.7% | 65.2% | 1.5pp | -0.1pp |
| Net Margin | -22.7% | -24.8% | -24.6% | 2.1pp | 1.8pp |
| EPS (Diluted) | $-0.07 | $-0.08 | $-0.08 | 11.8% | 14.0% |
| Free Cash Flow | -$2M | -$1M | -$6M | -48.4% | 67.9% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $29M |
| R&D Expenses | $12M |
| Selling & Marketing | $2M |
| General & Administrative | $23M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$9M |
| Interest Income | $790.0K |
| Interest Expense | $848.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$234.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | -$438.0K |
| Common Stock Repurchased | -$150.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $73.0K |
| NET CASH FROM FINANCING | -$515.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $34M |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $108M |
| PP&E (Net) | $31M |
| Goodwill | $11M |
| Intangible Assets | $452.0K |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $63M |
| TOTAL ASSETS | $171M |
| Account Payables | $7M |
| Short-Term Debt | $2M |
| Deferred Revenue | $55M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $31M |
| Deferred Revenue NC | $80.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $487M |
| Retained Earnings | -$459M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$383.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $171M |
| Total Debt | $52M |
| Net Debt | $18M |
