| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $45M | $33M | 19.8% | 61.2% |
| Op. Income | -$27M | -$28M | -$26M | 3.0% | -4.7% |
| Gross Margin | 59.0% | 56.2% | 55.7% | 2.8pp | 3.3pp |
| Net Margin | -48.0% | -58.3% | -76.4% | 10.2pp | 28.3pp |
| EPS (Diluted) | $-0.50 | $-0.51 | $-0.56 | 2.0% | 10.7% |
| Free Cash Flow | -$17M | -$34M | -$34M | 51.0% | 50.2% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $31M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $80M |
| OPERATING INCOME | -$27M |
| Interest Income | $2M |
| Interest Expense | $1M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $1M |
| EBIT | -$25M |
| EBITDA | -$23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $838.0K |
| Change in Working Capital | -$203.0K |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $44M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $322M |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $374M |
| Account Payables | $10M |
| Short-Term Debt | $2M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $51M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $479.0K |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $123M |
| Common Stock | $0 |
| Additional Paid-In Capital | $758M |
| Retained Earnings | -$506M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $252M |
| Minority Interest | $0 |
| TOTAL EQUITY | $252M |
| TOTAL LIABILITIES & EQUITY | $374M |
| Total Debt | $81M |
| Net Debt | -$133M |
