| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $29M | $14M | -76.0% | -48.8% |
| Op. Income | -$139M | -$114M | -$132M | -22.0% | -5.1% |
| Gross Margin | 62.6% | 91.3% | -748.0% | -28.7pp | 810.6pp |
| Net Margin | -2112.6% | -371.3% | -909.8% | -1741.3pp | -1202.8pp |
| EPS (Diluted) | $-1.52 | $-1.12 | $-1.40 | -35.7% | -8.4% |
| Free Cash Flow | -$59M | -$123M | -$95M | 51.9% | 37.4% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $4M |
| R&D Expenses | $112M |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $146M |
| OPERATING INCOME | -$139M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$147M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$147M |
| D&A | $3M |
| EBIT | -$139M |
| EBITDA | -$136M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$147M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | -$58M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$301M |
| Sales/Maturities of Investments | $278M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $560M |
| Net Receivables | $12M |
| Inventory | $0 |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $757M |
| PP&E (Net) | $136M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $262M |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $434M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $105M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $971M |
| Minority Interest | $0 |
| TOTAL EQUITY | $971M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $106M |
| Net Debt | -$25M |
