| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $236M | $217M | $176M | 8.8% | 34.4% |
| Op. Income | $2M | -$5M | -$12M | 135.7% | 114.7% |
| Gross Margin | 89.9% | 89.2% | 88.9% | 0.7pp | 1.0pp |
| Net Margin | 6.1% | 3.3% | -4.0% | 2.8pp | 10.1pp |
| EPS (Diluted) | $0.27 | $0.14 | $-0.15 | 92.9% | 280.0% |
| Free Cash Flow | $51M | $90M | $46M | -43.5% | 10.6% |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $212M |
| R&D Expenses | $50M |
| Selling & Marketing | $131M |
| General & Administrative | $29M |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $211M |
| Cost & Expenses | $234M |
| OPERATING INCOME | $2M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $3M |
| EBIT | $17M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $212M |
| R&D Expenses | $50M |
| Selling & Marketing | $131M |
| General & Administrative | $29M |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $211M |
| Cost & Expenses | $234M |
| OPERATING INCOME | $2M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $3M |
| EBIT | $17M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$469.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $100M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $104M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $46M |
| Short-Term Debt | $0 |
| Deferred Revenue | $320M |
| Other Current Liabilities | $81M |
| TOTAL CURRENT LIABILITIES | $520M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $560M |
| Common Stock | $1.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$563M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $910M |
| Minority Interest | $0 |
| TOTAL EQUITY | $910M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $57M |
| Net Debt | -$1.2B |
