| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $153M | $141M | $147M | 8.6% | 4.3% |
| Op. Income | -$42M | -$61M | -$63M | 32.1% | 34.1% |
| Gross Margin | 68.1% | 65.9% | 67.8% | 2.2pp | 0.2pp |
| Net Margin | -24.8% | -42.5% | -42.5% | 17.8pp | 17.8pp |
| EPS (Diluted) | $-0.32 | $-0.50 | $-0.53 | 36.0% | 39.6% |
| Free Cash Flow | $4M | -$19M | -$37M | 119.4% | 109.8% |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $104M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $146M |
| Cost & Expenses | $195M |
| OPERATING INCOME | -$42M |
| Interest Income | $5M |
| Interest Expense | $1.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $818.0K |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $11M |
| EBIT | -$37M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $66.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $380M |
| Short-Term Investments | $269.0K |
| Net Receivables | $91M |
| Inventory | $88M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $579M |
| PP&E (Net) | $324M |
| Goodwill | $5M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $351M |
| TOTAL ASSETS | $930M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $95M |
| TOTAL LIABILITIES | $206M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$430.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $724M |
| Minority Interest | $0 |
| TOTAL EQUITY | $724M |
| TOTAL LIABILITIES & EQUITY | $930M |
| Total Debt | $89M |
| Net Debt | -$290M |
