| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $37M | $35M | 29.3% | 34.5% |
| Op. Income | -$53M | -$67M | -$61M | 21.8% | 13.7% |
| Gross Margin | 66.2% | 51.6% | 39.2% | 14.6pp | 27.0pp |
| Net Margin | -114.2% | -149.5% | 12.2% | 35.3pp | -126.3pp |
| EPS (Diluted) | $-0.74 | $-0.76 | $0.06 | 2.6% | -1398.2% |
| Free Cash Flow | -$55M | -$43M | -$21M | -26.2% | -162.2% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $31M |
| R&D Expenses | $51M |
| Selling & Marketing | $10M |
| General & Administrative | $24M |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $84M |
| Cost & Expenses | $100M |
| OPERATING INCOME | -$53M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $83.0K |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $1M |
| EBIT | -$53M |
| EBITDA | -$51M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$119M |
| Sales/Maturities of Investments | $150M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | -$15.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $558.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $108M |
| Short-Term Investments | $269M |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $449M |
| PP&E (Net) | $142M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $89M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $239M |
| TOTAL ASSETS | $688M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $424.0K |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $214M |
| Common Stock | $728.0K |
| Additional Paid-In Capital | $921M |
| Retained Earnings | -$447M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$180.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $474M |
| Minority Interest | $0 |
| TOTAL EQUITY | $474M |
| TOTAL LIABILITIES & EQUITY | $688M |
| Total Debt | $124M |
| Net Debt | $16M |
