| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $114M | $129M | 2.5% | -10.0% |
| Op. Income | -$20M | -$23M | -$20M | 14.5% | 2.7% |
| Gross Margin | 76.7% | 77.7% | 74.7% | -1.0pp | 2.0pp |
| Net Margin | -9.9% | -16.1% | -12.9% | 6.3pp | 3.0pp |
| EPS (Diluted) | $-0.11 | $-0.17 | $-0.14 | 33.6% | 22.2% |
| Free Cash Flow | $0 | $0 | $4M | — | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $89M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $109M |
| Cost & Expenses | $136M |
| OPERATING INCOME | -$20M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $233.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $2M |
| EBIT | -$14M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116M |
| Short-Term Investments | $115M |
| Net Receivables | $25M |
| Inventory | $62M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $372M |
| PP&E (Net) | $31M |
| Goodwill | $81M |
| Intangible Assets | $93M |
| Long-Term Investments | $93M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $303M |
| TOTAL ASSETS | $675M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $116M |
| Common Stock | $25.3K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$149M |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $553M |
| Minority Interest | $6M |
| TOTAL EQUITY | $559M |
| TOTAL LIABILITIES & EQUITY | $675M |
| Total Debt | $20M |
| Net Debt | -$97M |
