| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $32M | $33M | -8.9% | -10.9% |
| Op. Income | -$8M | -$11M | -$17M | 30.5% | 53.1% |
| Gross Margin | 61.3% | 62.9% | 56.7% | -1.6pp | 4.7pp |
| Net Margin | -43.6% | 157.6% | -94.3% | -201.2pp | 50.7pp |
| EPS (Diluted) | $-1.14 | $4.16 | $-2.77 | -127.4% | 58.8% |
| Free Cash Flow | -$6M | $1M | -$10M | -716.8% | 32.6% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $18M |
| R&D Expenses | $3M |
| Selling & Marketing | $9M |
| General & Administrative | $11M |
| SG&A Expenses | $20M |
| Other Expenses | $2M |
| Operating Expenses | $26M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $324.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $5M |
| EBIT | -$7M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$490.1K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $500.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$27.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$33 |
| NET CASH FROM FINANCING | -$27.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $7M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $62M |
| PP&E (Net) | $23M |
| Goodwill | $164M |
| Intangible Assets | $93M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $284M |
| TOTAL ASSETS | $346M |
| Account Payables | $8M |
| Short-Term Debt | $67.0K |
| Deferred Revenue | $44M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $146M |
| Deferred Revenue NC | $210.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $178M |
| TOTAL LIABILITIES | $239M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $880M |
| Retained Earnings | -$779M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $107M |
| Minority Interest | $0 |
| TOTAL EQUITY | $107M |
| TOTAL LIABILITIES & EQUITY | $346M |
| Total Debt | $174M |
| Net Debt | $144M |
