| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $225M | $173M | — | 30.3% | — |
| Op. Income | -$204M | -$234M | — | 12.8% | — |
| Gross Margin | 9.2% | 17.5% | — | -8.4pp | — |
| Net Margin | -89.5% | -149.3% | — | 59.8pp | — |
| EPS (Diluted) | $-0.30 | $-0.47 | — | 36.2% | — |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $225M |
| Cost of Revenue | $204M |
| GROSS PROFIT | $21M |
| R&D Expenses | $70M |
| Selling & Marketing | $101M |
| General & Administrative | $55M |
| SG&A Expenses | $156M |
| Other Expenses | -$969.0K |
| Operating Expenses | $225M |
| Cost & Expenses | $429M |
| OPERATING INCOME | -$204M |
| Interest Income | $7M |
| Interest Expense | $8M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$202M |
| Income Tax Expense | $213.0K |
| Net Income from Continuing Ops | -$202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$201M |
| D&A | $23M |
| EBIT | -$194M |
| EBITDA | -$171M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$201M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $571.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $201M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $269M |
| Short-Term Investments | $5M |
| Net Receivables | $92M |
| Inventory | $385M |
| Other Current Assets | $528M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $504M |
| Goodwill | $197 |
| Intangible Assets | $117M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $600M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $472M |
| Short-Term Debt | $629M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $419M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $153M |
| Deferred Revenue NC | $304M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $291M |
| TOTAL NON-CURRENT LIABILITIES | $840M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$168M |
| Minority Interest | -$6M |
| TOTAL EQUITY | -$174M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $889M |
| Net Debt | $621M |
