| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $165M | $173M | -12.6% | -17.0% |
| Op. Income | -$47M | -$22M | -$18M | -116.5% | -163.6% |
| Gross Margin | 22.1% | 29.3% | 31.3% | -7.2pp | -9.2pp |
| Net Margin | -31.4% | -11.3% | -5.0% | -20.1pp | -26.4pp |
| EPS (Diluted) | $-1.56 | $-0.63 | $-0.29 | -147.6% | -437.9% |
| Free Cash Flow | $16M | $15M | -$35M | 9.9% | 145.7% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $32M |
| R&D Expenses | $20M |
| Selling & Marketing | $30M |
| General & Administrative | $19M |
| SG&A Expenses | $49M |
| Other Expenses | $10M |
| Operating Expenses | $79M |
| Cost & Expenses | $191M |
| OPERATING INCOME | -$47M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $2M |
| EBIT | -$37M |
| EBITDA | -$35M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $458.0K |
| Other Non-Cash Items | $720.0K |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $454.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $177M |
| Short-Term Investments | $117M |
| Net Receivables | $147M |
| Inventory | $189M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $658M |
| PP&E (Net) | $44M |
| Goodwill | $36M |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $3M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $97M |
| TOTAL ASSETS | $754M |
| Account Payables | $40M |
| Short-Term Debt | $12M |
| Deferred Revenue | $29M |
| Other Current Liabilities | $136M |
| TOTAL CURRENT LIABILITIES | $253M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $295M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $980M |
| Retained Earnings | -$521M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $459M |
| Minority Interest | $0 |
| TOTAL EQUITY | $459M |
| TOTAL LIABILITIES & EQUITY | $754M |
| Total Debt | $37M |
| Net Debt | -$140M |
