| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $20M | $5M | 51.6% | 509.5% |
| Op. Income | -$15M | -$16M | -$25M | 7.2% | 40.9% |
| Gross Margin | -8.0% | 93.9% | -353.0% | -101.9pp | 345.0pp |
| Net Margin | -34.3% | -58.1% | -457.6% | 23.8pp | 423.3pp |
| EPS (Diluted) | $-0.18 | $-0.20 | $-0.51 | 10.0% | 64.7% |
| Free Cash Flow | -$33M | $57M | -$2M | -157.5% | -1491.5% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $32M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$32M |
| Operating Expenses | $13M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$15M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $24.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $1M |
| EBIT | -$13M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$518.0K |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$967.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $55M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $571.0K |
| NET CASH FROM FINANCING | $571.0K |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $295M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $382M |
| PP&E (Net) | $52M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $436M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $101M |
| Common Stock | $54.0K |
| Additional Paid-In Capital | $619M |
| Retained Earnings | -$283M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$522.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $335M |
| Minority Interest | $0 |
| TOTAL EQUITY | $335M |
| TOTAL LIABILITIES & EQUITY | $436M |
| Total Debt | $47M |
| Net Debt | -$29M |
