| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $35M | $32M | 0.3% | 10.1% |
| Op. Income | -$1M | $1M | $1M | -182.0% | -197.0% |
| Gross Margin | 27.3% | 35.0% | 35.3% | -7.6pp | -7.9pp |
| Net Margin | -4.6% | 2.4% | 1.8% | -6.9pp | -6.4pp |
| EPS (Diluted) | $-0.22 | $0.11 | $0.08 | -300.0% | -376.7% |
| Free Cash Flow | $2M | $3M | -$2M | -37.2% | 170.3% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $10M |
| R&D Expenses | $2M |
| Selling & Marketing | $7M |
| General & Administrative | $3M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $674.0K |
| Other Income/Expenses | -$809.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$390.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$1M |
| EBITDA | -$244.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $398.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $161.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$446.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$446.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$883.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $49M |
| Other Current Assets | $100.0K |
| TOTAL CURRENT ASSETS | $75M |
| PP&E (Net) | $15M |
| Goodwill | $15M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $133M |
| Account Payables | $5M |
| Short-Term Debt | $17M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $491.0K |
| Deferred Tax Liabilities | $182.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $540.0K |
| Additional Paid-In Capital | $62M |
| Retained Earnings | $58M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $133M |
| Total Debt | $28M |
| Net Debt | $23M |
