Q2 2024 Earnings

Reported June 30, 2024

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q2 2024	Q1 2024	Q2 2023	QoQ Change	YoY Change
Revenue	$0	$0	—	—	—
Op. Income	-$27M	-$17M	—	-59.9%	—
EPS (Diluted)	$-7.82	$-4.56	—	-71.5%	—
Free Cash Flow	-$16M	-$10M	—	-64.4%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$24M
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	$0
Operating Expenses	$27M
Cost & Expenses	$27M
OPERATING INCOME	-$27M
Interest Income	$411.0K
Interest Expense	$0
Other Income/Expenses	-$1M
INCOME BEFORE TAX	-$28M
Income Tax Expense	$0
Net Income from Continuing Ops	-$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$28M
D&A	$3.0K
EBIT	-$27M
EBITDA	-$27M
EPS	-$8
EPS Diluted	-$8

Cash Flow Statement

Item	Amount
Net Income	-$28M
Depreciation & Amortization	$3.0K
Stock-Based Compensation	$339.0K
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	$10M
OPERATING CASH FLOW	-$16M
Capital Expenditure	-$41.0K
Acquisitions (Net)	$0
Purchases of Investments	-$4M
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	$7M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$3.0K
NET CASH FROM FINANCING	$3.0K
FREE CASH FLOW	-$16M
Net Change in Cash	-$9M