| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $122M | $102M | $178M | 18.9% | -31.8% |
| Op. Income | $84M | $64M | $140M | 29.5% | -40.1% |
| Gross Margin | 77.9% | 73.6% | 83.9% | 4.4pp | -6.0pp |
| Net Margin | 20.9% | 46.5% | 13.8% | -25.6pp | 7.1pp |
| EPS (Diluted) | $0.17 | $0.39 | $0.16 | -56.4% | 6.3% |
| Free Cash Flow | $244M | -$369M | $2.0B | 166.1% | -87.9% |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $95M |
| R&D Expenses | $496.0K |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $84M |
| Interest Income | $152M |
| Interest Expense | $172M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $251M |
| EBITDA | $251M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $95M |
| R&D Expenses | $496.0K |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $84M |
| Interest Income | $152M |
| Interest Expense | $172M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $251M |
| EBITDA | $251M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $827.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $266M |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | $244M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$233M |
| Sales/Maturities of Investments | $93M |
| Other Investing Activities | $133M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $241M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$35M |
| Other Financing Activities | -$428M |
| NET CASH FROM FINANCING | -$232M |
| FREE CASH FLOW | $244M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $336M |
| Net Receivables | $66M |
| Inventory | $0 |
| Other Current Assets | -$1.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $3.9B |
| Long-Term Investments | $4.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$8.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $12.1B |
| Account Payables | $159M |
| Short-Term Debt | $4.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$33M |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $10.1B |
| Common Stock | $869.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$526M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $9.7B |
| Net Debt | $9.6B |
