| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $66M | $49M | 9.2% | 48.9% |
| Op. Income | $17M | $17M | $2M | -0.7% | 865.1% |
| Gross Margin | 71.8% | 71.9% | 70.7% | -0.1pp | 1.1pp |
| Net Margin | -2.8% | 16.0% | -10.8% | -18.8pp | 8.0pp |
| EPS (Diluted) | $-0.01 | $0.03 | $-0.02 | -122.6% | 62.6% |
| Free Cash Flow | $861.0K | $4M | -$14M | -80.0% | 106.0% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $52M |
| R&D Expenses | $12M |
| Selling & Marketing | $11M |
| General & Administrative | $13M |
| SG&A Expenses | $24M |
| Other Expenses | -$529.0K |
| Operating Expenses | $35M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $17M |
| Interest Income | $3M |
| Interest Expense | $13M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $323.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | $11M |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$119M |
| Sales/Maturities of Investments | $67M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | $861.0K |
| Net Change in Cash | -$96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $151M |
| Net Receivables | $23M |
| Inventory | $25M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $326M |
| PP&E (Net) | $85M |
| Goodwill | $2M |
| Intangible Assets | $1M |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $118M |
| TOTAL ASSETS | $444M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $228M |
| Deferred Revenue NC | $66M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $292M |
| TOTAL NON-CURRENT LIABILITIES | $590M |
| TOTAL LIABILITIES | $670M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$226M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$226M |
| TOTAL LIABILITIES & EQUITY | $444M |
| Total Debt | $231M |
| Net Debt | $134M |
