| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $166M | $155M | 4.5% | 11.9% |
| Op. Income | -$14M | -$14M | -$24M | 3.4% | 42.1% |
| Gross Margin | 50.2% | 49.7% | 47.8% | 0.5pp | 2.4pp |
| Net Margin | -7.6% | -8.4% | -15.3% | 0.8pp | 7.7pp |
| EPS (Diluted) | $-0.22 | $-0.23 | $-0.41 | 4.3% | 46.3% |
| Free Cash Flow | $29M | $6M | $4M | 377.6% | 671.3% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $87M |
| R&D Expenses | $36M |
| Selling & Marketing | $28M |
| General & Administrative | $31M |
| SG&A Expenses | $59M |
| Other Expenses | $6M |
| Operating Expenses | $101M |
| Cost & Expenses | $187M |
| OPERATING INCOME | -$14M |
| Interest Income | $4M |
| Interest Expense | $1M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $18M |
| EBIT | -$10M |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$33M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $304M |
| Short-Term Investments | $68M |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $491M |
| PP&E (Net) | $69M |
| Goodwill | $513M |
| Intangible Assets | $108M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $758M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $134M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $491M |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $567M |
| TOTAL LIABILITIES | $768M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$653M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $481M |
| Minority Interest | $0 |
| TOTAL EQUITY | $481M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $544M |
| Net Debt | $240M |
