| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $299.0K | $0 | $0 | — | — |
| Op. Income | -$17M | -$20M | -$20M | 13.9% | 15.2% |
| Gross Margin | 88.6% | — | — | — | — |
| Net Margin | -5430.1% | — | — | — | — |
| EPS (Diluted) | $-2.96 | $-3.76 | $-3.68 | 21.3% | 19.6% |
| Free Cash Flow | -$10M | -$15M | -$13M | 32.6% | 22.2% |
| Item | Amount |
|---|---|
| REVENUE | $299.0K |
| Cost of Revenue | $34.0K |
| GROSS PROFIT | $265.0K |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$17M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $799.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $34.0K |
| EBIT | -$17M |
| EBITDA | -$17M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $34.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $71.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$750.0K |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $72M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $91M |
| PP&E (Net) | $427.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $568.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $995.0K |
| TOTAL ASSETS | $92M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $195.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $253.0K |
| TOTAL LIABILITIES | $12M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $351M |
| Retained Earnings | -$271M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$71.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $0 |
| TOTAL EQUITY | $80M |
| TOTAL LIABILITIES & EQUITY | $92M |
| Total Debt | $284.0K |
| Net Debt | -$16M |
