| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $47M | $49M | 1.4% | -3.1% |
| Op. Income | -$849.0K | -$2M | $2M | 48.6% | -138.3% |
| Gross Margin | 9.0% | 32.1% | 14.2% | -23.1pp | -5.2pp |
| Net Margin | -1.4% | -4.3% | 3.5% | 2.8pp | -5.0pp |
| EPS (Diluted) | $-0.04 | $-0.10 | $0.08 | 61.6% | -150.9% |
| Free Cash Flow | $361.0K | -$5M | $7M | 106.7% | -94.6% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $5M |
| Operating Expenses | $5M |
| Cost & Expenses | $49M |
| OPERATING INCOME | -$849.0K |
| Interest Income | $0 |
| Interest Expense | $867.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$849.0K |
| Income Tax Expense | -$165.0K |
| Net Income from Continuing Ops | -$684.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$684.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$784.0K |
| D&A | $125.0K |
| EBIT | $18.0K |
| EBITDA | $143.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$684.0K |
| Depreciation & Amortization | $125.0K |
| Stock-Based Compensation | $1.0K |
| Deferred Income Tax | -$165.0K |
| Other Non-Cash Items | -$466.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $416.0K |
| Capital Expenditure | -$55.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$407.0K |
| NET CASH FROM FINANCING | -$407.0K |
| FREE CASH FLOW | $361.0K |
| Net Change in Cash | $24.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $40M |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | -$118M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $227M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$230M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $386M |
| Account Payables | $0 |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$4M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$34M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $285M |
| Common Stock | $22M |
| Additional Paid-In Capital | $57M |
| Retained Earnings | $48M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$19M |
| Other Equity | -$7.0K |
| TOTAL STOCKHOLDERS' EQUITY | $101M |
| Minority Interest | $0 |
| TOTAL EQUITY | $101M |
| TOTAL LIABILITIES & EQUITY | $386M |
| Total Debt | $38M |
| Net Debt | $17M |
