| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $122M | $119M | $105M | 2.4% | 16.6% |
| Op. Income | -$55M | -$45M | -$66M | -21.9% | 16.4% |
| Gross Margin | 26.8% | 30.1% | 13.1% | -3.3pp | 13.7pp |
| Net Margin | -46.9% | -39.7% | -64.2% | -7.2pp | 17.4pp |
| EPS (Diluted) | $-0.81 | $-0.67 | $-0.97 | -20.9% | 16.5% |
| Free Cash Flow | -$13M | -$32M | -$52M | 59.1% | 74.7% |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $37M |
| General & Administrative | $30M |
| SG&A Expenses | $67M |
| Other Expenses | $21M |
| Operating Expenses | $88M |
| Cost & Expenses | $177M |
| OPERATING INCOME | -$55M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$57M |
| D&A | $5M |
| EBIT | -$55M |
| EBITDA | -$50M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $900.0K |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$113M |
| Sales/Maturities of Investments | $176M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $61M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $343M |
| Short-Term Investments | $581M |
| Net Receivables | $463M |
| Inventory | $0 |
| Other Current Assets | -$1.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $16M |
| Goodwill | $19M |
| Intangible Assets | $18M |
| Long-Term Investments | $581M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$635M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.7B |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$116M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$114M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $635M |
| Minority Interest | $0 |
| TOTAL EQUITY | $635M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $67M |
| Net Debt | -$276M |
