| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $11M | $12M | 36.8% | 29.3% |
| Op. Income | -$16M | -$17M | -$11M | 9.2% | -39.9% |
| Gross Margin | 86.1% | 86.4% | 81.2% | -0.3pp | 4.9pp |
| Net Margin | -101.3% | -168.0% | -88.4% | 66.7pp | -13.0pp |
| EPS (Diluted) | $-0.60 | $-0.73 | $-0.62 | 17.8% | 3.2% |
| Free Cash Flow | -$15M | -$22M | -$9M | 30.1% | -64.1% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $13M |
| R&D Expenses | $5M |
| Selling & Marketing | $16M |
| General & Administrative | $8M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $264.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $33.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $204.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $204.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$51.0K |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $849.0K |
| NET CASH FROM FINANCING | $849.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $501.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $37M |
| Net Receivables | $10M |
| Inventory | $7M |
| Other Current Assets | $24.0K |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $545.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $88M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $205.0K |
| Other Current Liabilities | $983.0K |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $41M |
| Deferred Revenue NC | $340.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $64M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $359M |
| Retained Earnings | -$332M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $88M |
| Total Debt | $45M |
| Net Debt | $28M |
