| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $40M | $50M | 9.0% | -11.9% |
| Op. Income | -$61M | -$72M | -$79M | 15.0% | 22.7% |
| Gross Margin | 50.8% | 50.8% | 43.5% | 0.1pp | 7.4pp |
| Net Margin | -134.1% | -171.7% | -150.5% | 37.6pp | 16.4pp |
| EPS (Diluted) | $-2.32 | $-2.80 | $-3.17 | 17.1% | 26.8% |
| Free Cash Flow | -$44M | -$45M | -$60M | 2.1% | 27.1% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $22M |
| R&D Expenses | $41M |
| Selling & Marketing | $17M |
| General & Administrative | $23M |
| SG&A Expenses | $40M |
| Other Expenses | $2M |
| Operating Expenses | $84M |
| Cost & Expenses | $105M |
| OPERATING INCOME | -$61M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | -$41.0K |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $7M |
| EBIT | -$59M |
| EBITDA | -$52M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$148.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $331.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $260.0K |
| NET CASH FROM FINANCING | $260.0K |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $15M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $189M |
| PP&E (Net) | $70M |
| Goodwill | $0 |
| Intangible Assets | $50M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $130M |
| TOTAL ASSETS | $319M |
| Account Payables | $6M |
| Short-Term Debt | $9M |
| Deferred Revenue | $70M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $64M |
| TOTAL LIABILITIES | $217M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $102M |
| Minority Interest | $0 |
| TOTAL EQUITY | $102M |
| TOTAL LIABILITIES & EQUITY | $319M |
| Total Debt | $72M |
| Net Debt | -$55M |
