| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $998.0K | $25M | $44M | -96.1% | -97.7% |
| Op. Income | -$46M | -$49M | -$88M | 5.6% | 47.3% |
| Gross Margin | -3156.5% | -128.0% | 87.1% | -3028.5pp | -3243.6pp |
| Net Margin | -1557.5% | -129.8% | -197.8% | -1427.7pp | -1359.7pp |
| EPS (Diluted) | $-3.89 | $-0.33 | $-0.90 | -1078.8% | -332.2% |
| Free Cash Flow | -$40M | -$59M | -$112M | 32.8% | 64.3% |
| Item | Amount |
|---|---|
| REVENUE | $998.0K |
| Cost of Revenue | $33M |
| GROSS PROFIT | -$32M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$17M |
| Operating Expenses | $15M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$46M |
| Interest Income | $900.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$968.0K |
| INCOME BEFORE TAX | -$47M |
| Income Tax Expense | -$281.0K |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $32M |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $781.0K |
| EBIT | -$46M |
| EBITDA | -$46M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $781.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$14.0K |
| Acquisitions (Net) | $3.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $72M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $72M |
| Net Debt Issuance | -$8.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$76.0K |
| NET CASH FROM FINANCING | $32.0K |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $25M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $209M |
| PP&E (Net) | $72M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $84M |
| TOTAL ASSETS | $293M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $149M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $131M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $335M |
| TOTAL LIABILITIES | $484M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$232M |
| Minority Interest | $42M |
| TOTAL EQUITY | -$190M |
| TOTAL LIABILITIES & EQUITY | $293M |
| Total Debt | $146M |
| Net Debt | $6M |
