| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $193M | $180M | $211M | 7.2% | -8.5% |
| Op. Income | -$15.0K | -$10M | -$7M | 99.9% | 99.8% |
| Gross Margin | 47.4% | 47.4% | 48.2% | -0.0pp | -0.7pp |
| Net Margin | -8.7% | -16.9% | -10.2% | 8.2pp | 1.5pp |
| EPS (Diluted) | $-0.10 | $-0.18 | $-0.13 | 46.2% | 25.5% |
| Free Cash Flow | -$13M | $10M | -$4M | -224.5% | -206.6% |
| Item | Amount |
|---|---|
| REVENUE | $193M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $91M |
| R&D Expenses | $43M |
| Selling & Marketing | $33M |
| General & Administrative | $15M |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $91M |
| Cost & Expenses | $193M |
| OPERATING INCOME | -$15.0K |
| Interest Income | $48.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $10M |
| EBIT | -$11M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$113.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $112M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $49M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $0 |
| Net Receivables | $211M |
| Inventory | $79M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $404M |
| PP&E (Net) | $75M |
| Goodwill | $301M |
| Intangible Assets | $212M |
| Long-Term Investments | $0 |
| Tax Assets | $78M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $701M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $64M |
| Short-Term Debt | $4M |
| Deferred Revenue | $100M |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $273M |
| Long-Term Debt | $334M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $428M |
| TOTAL LIABILITIES | $700M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $405M |
| Minority Interest | $0 |
| TOTAL EQUITY | $405M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $385M |
| Net Debt | $320M |
