| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | — | $26M | — | 25.1% |
| Op. Income | -$15M | — | -$14M | — | -9.4% |
| Gross Margin | 64.5% | — | 77.3% | — | -12.8pp |
| Net Margin | -47.0% | — | -70.2% | — | 23.2pp |
| EPS (Diluted) | $-1.94 | — | $-1.20 | — | -61.7% |
| Free Cash Flow | $0 | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $21M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $936.1K |
| Other Income/Expenses | -$669.9K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $5.2K |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $266.3K |
| EBIT | -$15M |
| EBITDA | -$14M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| 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 | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $1M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $161.7K |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $88M |
| Account Payables | $32M |
| Short-Term Debt | $35M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $111M |
| Common Stock | $1.2K |
| Additional Paid-In Capital | $109M |
| Retained Earnings | -$126M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$20M |
| Minority Interest | -$4M |
| TOTAL EQUITY | -$23M |
| TOTAL LIABILITIES & EQUITY | $88M |
| Total Debt | $36M |
| Net Debt | $34M |
