| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $152M | $136M | $167M | 11.6% | -9.4% |
| Op. Income | -$74M | -$85M | -$58M | 13.1% | -26.5% |
| Gross Margin | 76.6% | 73.6% | 70.6% | 3.1pp | 6.0pp |
| Net Margin | -53.5% | -65.8% | -38.5% | 12.2pp | -15.0pp |
| EPS (Diluted) | $-0.46 | $-0.51 | $-0.35 | 9.1% | -30.7% |
| Free Cash Flow | -$13M | -$23M | -$30M | 42.1% | 55.1% |
| Item | Amount |
|---|---|
| REVENUE | $152M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $116M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $140M |
| Other Expenses | $0 |
| Operating Expenses | $190M |
| Cost & Expenses | $225M |
| OPERATING INCOME | -$74M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$78M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$81M |
| D&A | $0 |
| EBIT | -$72M |
| EBITDA | -$72M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$81M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $88M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$78M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $167.0K |
| NET CASH FROM FINANCING | $167.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $172M |
| Net Receivables | $160M |
| Inventory | $5M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $460M |
| PP&E (Net) | $78M |
| Goodwill | $4M |
| Intangible Assets | $0 |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $184M |
| TOTAL NON-CURRENT ASSETS | $279M |
| TOTAL ASSETS | $739M |
| Account Payables | $6M |
| Short-Term Debt | $9M |
| Deferred Revenue | $420M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $516M |
| Long-Term Debt | $186M |
| Deferred Revenue NC | $541M |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | -$11M |
| TOTAL NON-CURRENT LIABILITIES | $762M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$389.0K |
| Other Equity | $246M |
| TOTAL STOCKHOLDERS' EQUITY | -$539M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$539M |
| TOTAL LIABILITIES & EQUITY | $739M |
| Total Debt | $218M |
| Net Debt | $128M |
