| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $41M | $42M | 6.4% | 4.0% |
| Op. Income | -$26M | -$22M | -$16M | -21.2% | -64.4% |
| Gross Margin | 22.1% | 18.7% | 19.0% | 3.4pp | 3.1pp |
| Net Margin | -60.4% | -57.0% | -40.7% | -3.4pp | -19.6pp |
| EPS (Diluted) | $-0.66 | $-0.60 | $-0.57 | -10.0% | -15.8% |
| Free Cash Flow | -$5M | -$34M | $14M | 85.2% | -135.9% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $10M |
| R&D Expenses | $13M |
| Selling & Marketing | $6M |
| General & Administrative | $17M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$26M |
| Interest Income | $93.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $129.0K |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $5M |
| EBIT | -$24M |
| EBITDA | -$19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $54M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $133M |
| PP&E (Net) | $202M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $215M |
| TOTAL ASSETS | $348M |
| Account Payables | $34M |
| Short-Term Debt | $28M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $77M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $81M |
| TOTAL LIABILITIES | $162M |
| Common Stock | $41.0K |
| Additional Paid-In Capital | $502M |
| Retained Earnings | -$314M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $186M |
| Minority Interest | $0 |
| TOTAL EQUITY | $186M |
| TOTAL LIABILITIES & EQUITY | $348M |
| Total Debt | $109M |
| Net Debt | $99M |
