| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $145M | $106M | $245M | 36.7% | -40.6% |
| Op. Income | -$48M | -$59M | $17M | 18.8% | -379.7% |
| Gross Margin | 52.7% | 51.8% | 58.7% | 0.9pp | -6.0pp |
| Net Margin | -56.5% | -53.1% | 4.5% | -3.4pp | -61.0pp |
| EPS (Diluted) | $-2.56 | $-1.77 | $0.33 | -44.6% | -875.8% |
| Free Cash Flow | $13M | -$74M | -$8M | 117.1% | 257.1% |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $77M |
| R&D Expenses | $86M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $125M |
| Cost & Expenses | $193M |
| OPERATING INCOME | -$48M |
| Interest Income | $3M |
| Interest Expense | $263.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | -$82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$82M |
| D&A | $13M |
| EBIT | -$45M |
| EBITDA | -$33M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$82M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $35M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $40M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $241M |
| Short-Term Investments | $98M |
| Net Receivables | $41M |
| Inventory | $166M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $600M |
| PP&E (Net) | $139M |
| Goodwill | $376M |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $650M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $157M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $39M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$254.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $0 |
| Net Debt | -$241M |
