| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $111M | $115M | $99M | -4.0% | 12.2% |
| Op. Income | -$52M | -$35M | -$159M | -51.4% | 67.1% |
| Gross Margin | 15.2% | 32.1% | 17.7% | -17.0pp | -2.5pp |
| Net Margin | -58.0% | -11.6% | -88.1% | -46.5pp | 30.0pp |
| EPS (Diluted) | $-0.65 | $-0.14 | $-0.91 | -364.3% | 28.6% |
| Free Cash Flow | -$29M | $6M | $11M | -577.3% | -374.3% |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $17M |
| R&D Expenses | $13M |
| Selling & Marketing | $33M |
| General & Administrative | $23M |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $163M |
| OPERATING INCOME | -$52M |
| Interest Income | $360.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | $688.0K |
| Net Income from Continuing Ops | -$64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64M |
| D&A | $6M |
| EBIT | -$53M |
| EBITDA | -$47M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$64M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $522.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$625.0K |
| NET CASH FROM FINANCING | -$625.0K |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $274M |
| Short-Term Investments | $34M |
| Net Receivables | $126M |
| Inventory | $0 |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $480M |
| PP&E (Net) | $19M |
| Goodwill | $192M |
| Intangible Assets | $78M |
| Long-Term Investments | $101M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $396M |
| TOTAL ASSETS | $876M |
| Account Payables | $3M |
| Short-Term Debt | $150.0K |
| Deferred Revenue | $238M |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $487M |
| Long-Term Debt | $437M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $491M |
| TOTAL LIABILITIES | $978M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $703M |
| Retained Earnings | -$800M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$102M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$102M |
| TOTAL LIABILITIES & EQUITY | $876M |
| Total Debt | $437M |
| Net Debt | $163M |
