| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $93M | $62M | 14.5% | 71.2% |
| Op. Income | -$43M | -$43M | -$45M | -0.5% | 4.2% |
| Gross Margin | 25.6% | 26.1% | 23.5% | -0.5pp | 2.0pp |
| Net Margin | -39.2% | -47.7% | -74.0% | 8.5pp | 34.8pp |
| EPS (Diluted) | $-0.08 | $-0.09 | $-0.10 | 6.8% | 12.0% |
| Free Cash Flow | -$28M | -$22M | -$17M | -30.2% | -70.4% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $27M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $150M |
| OPERATING INCOME | -$43M |
| Interest Income | $0 |
| Interest Expense | $824.0K |
| Other Income/Expenses | $783.0K |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | -$860.0K |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $8M |
| EBIT | -$42M |
| EBITDA | -$34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $378.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $341M |
| Short-Term Investments | $156M |
| Net Receivables | $83M |
| Inventory | $105M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $752M |
| PP&E (Net) | $226M |
| Goodwill | $71M |
| Intangible Assets | $64M |
| Long-Term Investments | $46M |
| Tax Assets | $2M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $437M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $26M |
| Short-Term Debt | $11M |
| Deferred Revenue | $184M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $266M |
| Long-Term Debt | $394M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $619.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $467M |
| TOTAL LIABILITIES | $733M |
| Common Stock | $50.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$709M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$775.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $455M |
| Minority Interest | $0 |
| TOTAL EQUITY | $455M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $474M |
| Net Debt | $133M |
