| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $4M | $7M | 100.3% | 9.6% |
| Op. Income | -$16M | -$23M | -$19M | 27.7% | 15.5% |
| Gross Margin | 100.0% | 100.0% | 30.0% | 0.0pp | 70.0pp |
| Net Margin | -179.0% | -498.8% | -212.0% | 319.8pp | 33.0pp |
| EPS (Diluted) | $-0.13 | $-0.19 | $-0.15 | 31.6% | 13.3% |
| Free Cash Flow | -$13M | -$18M | -$11M | 28.0% | -19.4% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $8M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $2M |
| Operating Expenses | $24M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$16M |
| Interest Income | $785.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $776.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $6M |
| EBIT | -$16M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$751.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $803.0K |
| NET CASH FROM FINANCING | $803.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $36M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $67M |
| PP&E (Net) | $36M |
| Goodwill | $84M |
| Intangible Assets | $148M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $270M |
| TOTAL ASSETS | $337M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $72.0K |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $366M |
| Retained Earnings | -$72M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $294M |
| Minority Interest | $0 |
| TOTAL EQUITY | $294M |
| TOTAL LIABILITIES & EQUITY | $337M |
| Total Debt | $24M |
| Net Debt | $4M |
