| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $29M | $0 | -42.8% | — |
| Op. Income | -$23M | -$19M | -$368.0K | -23.2% | -6212.7% |
| Gross Margin | 40.7% | 53.4% | — | -12.7pp | — |
| Net Margin | -136.2% | 0.9% | — | -137.1pp | — |
| EPS (Diluted) | $-0.14 | $0.03 | $0.07 | -600.0% | -306.2% |
| Free Cash Flow | -$11M | -$2M | — | -468.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $7M |
| R&D Expenses | $4M |
| Selling & Marketing | $16M |
| General & Administrative | $10M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$23M |
| Interest Income | $936.2K |
| Interest Expense | $945.3K |
| Other Income/Expenses | $723.4K |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $420.2K |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $420.2K |
| Stock-Based Compensation | $502.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$746.5K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$415.4K |
| Acquisitions (Net) | $24.4K |
| Purchases of Investments | -$3.5K |
| Sales/Maturities of Investments | $964.2K |
| Other Investing Activities | $7.2K |
| NET CASH FROM INVESTING | $894.5K |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$62.6K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $89.8K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $42M |
| TOTAL ASSETS | $74M |
| Account Payables | $2M |
| Short-Term Debt | $4M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $25.7K |
| Additional Paid-In Capital | $60M |
| Retained Earnings | -$47M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | -$194.9K |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $74M |
| Total Debt | $7M |
| Net Debt | $2M |
