| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $32M | $31M | 7.3% | 10.5% |
| Op. Income | -$11M | -$15M | -$10M | 27.8% | -14.4% |
| Gross Margin | 64.4% | 57.5% | 61.5% | 6.9pp | 2.9pp |
| Net Margin | -21.6% | -35.1% | -19.6% | 13.5pp | -2.0pp |
| EPS (Diluted) | $-0.25 | $-0.26 | $-0.16 | 3.8% | -56.3% |
| Free Cash Flow | -$7M | -$21M | -$15.0K | 68.3% | -43566.7% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $22M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | -$254.0K |
| Operating Expenses | $33M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$11M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $117.0K |
| NET INCOME | -$7M |
| D&A | $2M |
| EBIT | -$11M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$712.0K |
| NET CASH FROM FINANCING | -$328.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $250M |
| Net Receivables | $32M |
| Inventory | $28M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $366M |
| PP&E (Net) | $36M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $411M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $928.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $75M |
| Common Stock | $38.0K |
| Additional Paid-In Capital | $794M |
| Retained Earnings | -$454M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $337M |
| Minority Interest | $0 |
| TOTAL EQUITY | $337M |
| TOTAL LIABILITIES & EQUITY | $411M |
| Total Debt | $40M |
| Net Debt | -$7M |
