| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $46M | $28M | -50.6% | -18.7% |
| Op. Income | -$30M | -$60M | -$17M | 49.7% | -73.4% |
| Gross Margin | 46.1% | 53.1% | 49.2% | -7.0pp | -3.0pp |
| Net Margin | -203.3% | -70.6% | -61.6% | -132.7pp | -141.7pp |
| EPS (Diluted) | $-0.12 | $-0.27 | $-0.22 | 55.6% | 45.5% |
| Free Cash Flow | -$41M | -$63M | -$10M | 35.2% | -303.1% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $10M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $9M |
| Operating Expenses | $41M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$30M |
| Interest Income | $5M |
| Interest Expense | $858.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $39.0K |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | -$20M |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $4M |
| EBIT | -$25M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $107.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$75M |
| Sales/Maturities of Investments | $127M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $50M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $270M |
| Short-Term Investments | $125M |
| Net Receivables | $32M |
| Inventory | $43M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $480M |
| PP&E (Net) | $74M |
| Goodwill | $106M |
| Intangible Assets | $24M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $229M |
| TOTAL ASSETS | $709M |
| Account Payables | $13M |
| Short-Term Debt | $55M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $124M |
| Long-Term Debt | $299.0K |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $841.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $75M |
| TOTAL LIABILITIES | $198M |
| Common Stock | $389.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $510M |
| Minority Interest | $0 |
| TOTAL EQUITY | $510M |
| TOTAL LIABILITIES & EQUITY | $709M |
| Total Debt | $91M |
| Net Debt | -$179M |
