| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $139M | $140M | 0.4% | -0.7% |
| Op. Income | -$54M | -$65M | -$28M | 15.7% | -93.5% |
| Gross Margin | 91.8% | 92.3% | 96.9% | -0.5pp | -5.2pp |
| Net Margin | -39.2% | -46.6% | -20.1% | 7.5pp | -19.0pp |
| EPS (Diluted) | $-0.62 | $-0.74 | $-0.34 | 16.2% | -82.4% |
| Free Cash Flow | $71M | $43M | $215M | 67.3% | -66.9% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $128M |
| R&D Expenses | $0 |
| Selling & Marketing | $33M |
| General & Administrative | $92M |
| SG&A Expenses | $125M |
| Other Expenses | $57M |
| Operating Expenses | $182M |
| Cost & Expenses | $194M |
| OPERATING INCOME | -$54M |
| Interest Income | $53M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $15.0K |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $5M |
| EBIT | -$54M |
| EBITDA | -$50M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $70M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$76M |
| NET CASH FROM INVESTING | -$76M |
| Net Debt Issuance | $114M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $124M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | $121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $380M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $458M |
| PP&E (Net) | $89M |
| Goodwill | $67M |
| Intangible Assets | $10M |
| Long-Term Investments | $867M |
| Tax Assets | $0 |
| Other Non-Current Assets | $330M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $14M |
| Short-Term Debt | $258M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $316M |
| Long-Term Debt | $655M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $199M |
| TOTAL NON-CURRENT LIABILITIES | $910M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $996M |
| Retained Earnings | -$402M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $595M |
| Minority Interest | $0 |
| TOTAL EQUITY | $595M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $969M |
| Net Debt | $589M |
