| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $0 | -9.8% | — |
| Op. Income | -$1M | -$798.3K | -$130.2K | -38.5% | -749.1% |
| Gross Margin | 16.9% | 5.7% | — | 11.2pp | — |
| Net Margin | -32.2% | -21.8% | — | -10.4pp | — |
| EPS (Diluted) | $-0.04 | $-0.03 | $0.08 | -33.3% | -145.9% |
| Free Cash Flow | $670.7K | $707.0K | — | -5.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $387.8K |
| R&D Expenses | $84.2K |
| Selling & Marketing | $524.3K |
| General & Administrative | $526.8K |
| SG&A Expenses | $1M |
| Other Expenses | $358.0K |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $4.6K |
| Other Income/Expenses | $360.4K |
| INCOME BEFORE TAX | -$745.0K |
| Income Tax Expense | -$3.7K |
| Net Income from Continuing Ops | -$741.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$741.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$741.4K |
| D&A | $0 |
| EBIT | -$740.4K |
| EBITDA | -$740.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$741.4K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $590.1K |
| Change in Working Capital | $822.0K |
| OPERATING CASH FLOW | $670.7K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$289.4K |
| NET CASH FROM INVESTING | -$289.4K |
| Net Debt Issuance | -$453.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5.0K |
| NET CASH FROM FINANCING | -$448.0K |
| FREE CASH FLOW | $670.7K |
| Net Change in Cash | -$66.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $246.9K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $7M |
| Other Current Assets | $75.0K |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $52M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$52M |
| TOTAL NON-CURRENT ASSETS | $127.6K |
| TOTAL ASSETS | $9M |
| Account Payables | $12M |
| Short-Term Debt | $5.5K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $46.9K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.0K |
| TOTAL NON-CURRENT LIABILITIES | $29.0K |
| TOTAL LIABILITIES | $12M |
| Common Stock | $80.0K |
| Additional Paid-In Capital | $64.7K |
| Retained Earnings | -$3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $5.5K |
| Net Debt | -$241.5K |
