| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $22M | $20M | 8.5% | 14.6% |
| Op. Income | -$50M | -$35M | -$51M | -40.5% | 1.6% |
| Gross Margin | 58.5% | 60.6% | 65.9% | -2.0pp | -7.3pp |
| Net Margin | -222.9% | -170.1% | -249.4% | -52.9pp | 26.5pp |
| EPS (Diluted) | $-3.76 | $-2.83 | $-4.05 | -32.9% | 7.2% |
| Free Cash Flow | -$38M | -$48M | -$52M | 21.1% | 26.7% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $14M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $13M |
| Operating Expenses | $64M |
| Cost & Expenses | $73M |
| OPERATING INCOME | -$50M |
| Interest Income | $4M |
| Interest Expense | $6M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $46.0K |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $1M |
| EBIT | -$46M |
| EBITDA | -$44M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $57.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$186.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$68M |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $19.0K |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $257M |
| Net Receivables | $3M |
| Inventory | $14M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $295M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $343M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $57M |
| Long-Term Debt | $108M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $206M |
| TOTAL LIABILITIES | $264M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$3.6B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$494.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $0 |
| TOTAL EQUITY | $80M |
| TOTAL LIABILITIES & EQUITY | $343M |
| Total Debt | $220M |
| Net Debt | $206M |
