| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $95M | — | $97M | — | -2.4% |
| Op. Income | -$29M | — | -$22M | — | -33.3% |
| Gross Margin | -16.0% | — | 41.5% | — | -57.5pp |
| Net Margin | -27.9% | — | -35.4% | — | 7.5pp |
| EPS (Diluted) | $-0.38 | — | $-0.38 | — | 0.0% |
| Free Cash Flow | $8M | — | $6M | — | 33.1% |
| Item | Amount |
|---|---|
| REVENUE | $95M |
| Cost of Revenue | $110M |
| GROSS PROFIT | -$15M |
| R&D Expenses | $1M |
| Selling & Marketing | -$34M |
| General & Administrative | $48M |
| SG&A Expenses | $14M |
| Other Expenses | -$1M |
| Operating Expenses | $14M |
| Cost & Expenses | $124M |
| OPERATING INCOME | -$29M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | -$178.0K |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $20M |
| EBIT | -$27M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$606.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$24.0K |
| Common Dividends Paid | -$27.0K |
| Other Financing Activities | -$5.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $149M |
| PP&E (Net) | $6M |
| Goodwill | $82M |
| Intangible Assets | $273M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $815.0K |
| TOTAL NON-CURRENT ASSETS | $363M |
| TOTAL ASSETS | $511M |
| Account Payables | $6M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $102M |
| Long-Term Debt | $263M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $280M |
| TOTAL LIABILITIES | $382M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $854M |
| Retained Earnings | -$745M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$295.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $109M |
| Minority Interest | $20M |
| TOTAL EQUITY | $129M |
| TOTAL LIABILITIES & EQUITY | $511M |
| Total Debt | $284M |
| Net Debt | $209M |
