| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $79M | $79M | $85M | 0.5% | -7.4% |
| Op. Income | -$13M | $35M | -$8M | -137.5% | -61.7% |
| Gross Margin | 50.9% | 50.9% | 52.8% | 0.0pp | -1.8pp |
| Net Margin | -36.7% | 58.3% | -9.9% | -95.1pp | -26.8pp |
| EPS (Diluted) | $-0.72 | $1.15 | $-0.21 | -162.6% | -242.9% |
| Free Cash Flow | $5M | -$27M | $7M | 117.7% | -30.3% |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $40M |
| R&D Expenses | $9M |
| Selling & Marketing | $25M |
| General & Administrative | $9M |
| SG&A Expenses | $35M |
| Other Expenses | $10M |
| Operating Expenses | $53M |
| Cost & Expenses | $92M |
| OPERATING INCOME | -$13M |
| Interest Income | $534.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $502.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $7M |
| EBIT | -$7M |
| EBITDA | -$26.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$554.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$352.0K |
| NET CASH FROM FINANCING | -$352.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $0 |
| Net Receivables | $52M |
| Inventory | $64M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $185M |
| PP&E (Net) | $43M |
| Goodwill | $159M |
| Intangible Assets | $104M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $314M |
| TOTAL ASSETS | $500M |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $78M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $98M |
| Common Stock | $383.0K |
| Additional Paid-In Capital | $605M |
| Retained Earnings | -$194M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $401M |
| Minority Interest | $0 |
| TOTAL EQUITY | $401M |
| TOTAL LIABILITIES & EQUITY | $500M |
| Total Debt | $0 |
| Net Debt | -$61M |
