| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $149M | $133M | $103M | 12.0% | 45.8% |
| Op. Income | -$100M | -$115M | -$108M | 13.0% | 7.2% |
| Gross Margin | 70.6% | 68.1% | 64.6% | 2.5pp | 6.0pp |
| Net Margin | -59.9% | -80.1% | -94.0% | 20.2pp | 34.0pp |
| EPS (Diluted) | $-0.31 | $-0.37 | $-0.35 | 16.2% | 11.4% |
| Free Cash Flow | -$15M | -$32M | -$67M | 51.8% | 77.2% |
| Item | Amount |
|---|---|
| REVENUE | $149M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $105M |
| R&D Expenses | $54M |
| Selling & Marketing | $98M |
| General & Administrative | $48M |
| SG&A Expenses | $147M |
| Other Expenses | $4M |
| Operating Expenses | $206M |
| Cost & Expenses | $250M |
| OPERATING INCOME | -$100M |
| Interest Income | $11M |
| Interest Expense | $605.0K |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$88M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$90M |
| D&A | $10M |
| EBIT | -$87M |
| EBITDA | -$78M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$90M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$200M |
| Sales/Maturities of Investments | $187M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $599M |
| Net Receivables | $125M |
| Inventory | $43M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $995M |
| PP&E (Net) | $66M |
| Goodwill | $540M |
| Intangible Assets | $131M |
| Long-Term Investments | $410M |
| Tax Assets | $59M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $325M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $498M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $96M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $120M |
| TOTAL LIABILITIES | $618M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $25M |
| Net Debt | -$108M |
