| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $288.0K | — | $3M | — | -90.9% |
| Op. Income | -$66M | — | -$76M | — | 12.8% |
| Gross Margin | -13416.7% | — | 2.8% | — | -13419.5pp |
| Net Margin | -14504.5% | — | -793.8% | — | -13710.7pp |
| EPS (Diluted) | $-1.50 | — | $-0.45 | — | -233.3% |
| Free Cash Flow | -$80M | — | -$65M | — | -22.7% |
| Item | Amount |
|---|---|
| REVENUE | $288.0K |
| Cost of Revenue | $39M |
| GROSS PROFIT | -$39M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | -$39M |
| Operating Expenses | $28M |
| Cost & Expenses | $67M |
| OPERATING INCOME | -$66M |
| Interest Income | $12M |
| Interest Expense | $11M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $2M |
| EBIT | -$66M |
| EBITDA | -$65M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$45M |
| Change in Working Capital | -$74.0K |
| OPERATING CASH FLOW | -$80M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $188.0K |
| Purchases of Investments | -$213M |
| Sales/Maturities of Investments | $449M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $237M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$106M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $69M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $308M |
| Short-Term Investments | $192M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $509M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $906.0K |
| Long-Term Investments | $45M |
| Tax Assets | $7M |
| Other Non-Current Assets | $878.0K |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $580M |
| Account Payables | $8M |
| Short-Term Debt | $7M |
| Deferred Revenue | $26M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $138M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $119M |
| TOTAL NON-CURRENT LIABILITIES | $135M |
| TOTAL LIABILITIES | $274M |
| Common Stock | $5M |
| Additional Paid-In Capital | $290M |
| Retained Earnings | -$63M |
| Treasury Stock | -$47M |
| Accum. Other Comp. Income | $130M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $316M |
| Minority Interest | -$10M |
| TOTAL EQUITY | $306M |
| TOTAL LIABILITIES & EQUITY | $580M |
| Total Debt | $27M |
| Net Debt | -$281M |
