| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $38M | $42M | -1.0% | -11.3% |
| Op. Income | -$13M | -$12M | -$16M | -4.7% | 17.2% |
| Gross Margin | 74.5% | 74.1% | 71.0% | 0.4pp | 3.5pp |
| Net Margin | -29.9% | -28.4% | -30.5% | -1.6pp | 0.6pp |
| EPS (Diluted) | $-0.27 | $-0.26 | $-0.28 | -3.8% | 3.6% |
| Free Cash Flow | $898.0K | $1M | -$5M | -18.4% | 118.4% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $28M |
| R&D Expenses | $9M |
| Selling & Marketing | $19M |
| General & Administrative | $12M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$13M |
| Interest Income | $939.0K |
| Interest Expense | $10.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $411.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$490.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $53M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $309.0K |
| Net Debt Issuance | -$80.0K |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $608.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $898.0K |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $178M |
| Net Receivables | $24M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $236M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $984.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $259M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $88M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $499M |
| Retained Earnings | -$327M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$340.0K |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $171M |
| Minority Interest | $0 |
| TOTAL EQUITY | $171M |
| TOTAL LIABILITIES & EQUITY | $259M |
| Total Debt | $4M |
| Net Debt | -$12M |
