| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $165M | $156M | $147M | 5.3% | 12.0% |
| Op. Income | -$22M | -$31M | -$30M | 28.2% | 26.6% |
| Gross Margin | 44.1% | 41.9% | 40.8% | 2.2pp | 3.3pp |
| Net Margin | -11.3% | -17.3% | -16.6% | 6.0pp | 5.2pp |
| EPS (Diluted) | $-0.75 | $-1.05 | $-0.95 | 28.6% | 21.1% |
| Free Cash Flow | $814.0K | -$32M | -$9M | 102.6% | 109.0% |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $72M |
| R&D Expenses | $8M |
| Selling & Marketing | $22M |
| General & Administrative | $63M |
| SG&A Expenses | $85M |
| Other Expenses | $2M |
| Operating Expenses | $94M |
| Cost & Expenses | $186M |
| OPERATING INCOME | -$22M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$375.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $18M |
| EBIT | -$17M |
| EBITDA | $756.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $814.0K |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $355M |
| Short-Term Investments | $33M |
| Net Receivables | $147M |
| Inventory | $23M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $584M |
| PP&E (Net) | $176M |
| Goodwill | $523M |
| Intangible Assets | $356M |
| Long-Term Investments | $0 |
| Tax Assets | $23M |
| Other Non-Current Assets | -$19M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $17M |
| Short-Term Debt | $200M |
| Deferred Revenue | $972.0K |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $290M |
| Long-Term Debt | $340M |
| Deferred Revenue NC | $349.0K |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $437M |
| TOTAL LIABILITIES | $727M |
| Common Stock | $128.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$293M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $916M |
| Minority Interest | $0 |
| TOTAL EQUITY | $916M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $607M |
| Net Debt | $251M |
