| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $75M | $71M | $60M | 5.3% | 25.1% |
| Op. Income | -$49M | -$47M | -$62M | -4.1% | 20.7% |
| Gross Margin | 41.0% | 40.5% | 30.8% | 0.5pp | 10.3pp |
| Net Margin | -60.4% | -60.2% | -98.3% | -0.3pp | 37.9pp |
| EPS (Diluted) | $-0.79 | $-0.75 | $-1.04 | -5.3% | 24.0% |
| Free Cash Flow | -$20M | -$24M | -$53M | 18.2% | 62.5% |
| Item | Amount |
|---|---|
| REVENUE | $75M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $31M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | -$199.0K |
| Operating Expenses | $80M |
| Cost & Expenses | $124M |
| OPERATING INCOME | -$49M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $345.0K |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $8M |
| EBIT | -$45M |
| EBITDA | -$37M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $484.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$603.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $243M |
| Short-Term Investments | $50M |
| Net Receivables | $37M |
| Inventory | $30M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $372M |
| PP&E (Net) | $185M |
| Goodwill | $86M |
| Intangible Assets | $52M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $331M |
| TOTAL ASSETS | $703M |
| Account Payables | $8M |
| Short-Term Debt | $15M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $421.0K |
| TOTAL NON-CURRENT LIABILITIES | $75M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$660.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $560M |
| Minority Interest | $0 |
| TOTAL EQUITY | $560M |
| TOTAL LIABILITIES & EQUITY | $703M |
| Total Debt | $89M |
| Net Debt | -$154M |
