| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $50M | $53M | -3.9% | -9.1% |
| Op. Income | -$7M | -$10M | -$12M | 31.9% | 42.8% |
| Gross Margin | 35.7% | 38.5% | 18.5% | -2.8pp | 17.2pp |
| Net Margin | -9.5% | -15.2% | -19.4% | 5.7pp | 9.9pp |
| EPS (Diluted) | $-0.02 | $-0.04 | $-0.05 | 39.7% | 56.0% |
| Free Cash Flow | -$15M | -$4M | -$7M | -247.5% | -127.7% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $17M |
| R&D Expenses | $7M |
| Selling & Marketing | $5M |
| General & Administrative | $12M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$7M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $68.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$7M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$800.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$369.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $187M |
| Short-Term Investments | $0 |
| Net Receivables | $65M |
| Inventory | $34M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $314M |
| PP&E (Net) | $3M |
| Goodwill | $117M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $162M |
| TOTAL ASSETS | $475M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $67M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $45M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $961.0K |
| TOTAL NON-CURRENT LIABILITIES | $46M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $634M |
| Retained Earnings | -$304M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$221.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $329M |
| Minority Interest | $0 |
| TOTAL EQUITY | $329M |
| TOTAL LIABILITIES & EQUITY | $475M |
| Total Debt | $0 |
| Net Debt | -$187M |
