| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76.0K | $105.0K | $134.0K | -27.6% | -43.3% |
| Op. Income | -$3M | -$3M | -$9M | 4.6% | 69.2% |
| Gross Margin | 81.6% | -241.0% | 53.7% | 322.5pp | 27.8pp |
| Net Margin | -3844.7% | -2892.4% | -6778.4% | -952.4pp | 2933.6pp |
| EPS (Diluted) | $-0.12 | $-0.13 | $-0.49 | 7.7% | 75.5% |
| Free Cash Flow | -$2M | -$2M | -$2M | 19.7% | 26.6% |
| Item | Amount |
|---|---|
| REVENUE | $76.0K |
| Cost of Revenue | $14.0K |
| GROSS PROFIT | $62.0K |
| R&D Expenses | $633.0K |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $32.0K |
| Other Income/Expenses | -$31.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $346.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $346.0K |
| Stock-Based Compensation | $553.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17.0K |
| Change in Working Capital | $269.0K |
| OPERATING CASH FLOW | -$2M |
| 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 | $200.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $200.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16.0K |
| Short-Term Investments | $0 |
| Net Receivables | $15.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $328.0K |
| PP&E (Net) | $48.0K |
| Goodwill | $1M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $45.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $6M |
| Account Payables | $2M |
| Short-Term Debt | $191.0K |
| Deferred Revenue | $150.0K |
| Other Current Liabilities | $72.0K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $63.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $63.0K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $25.0K |
| Additional Paid-In Capital | $167M |
| Retained Earnings | -$166M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $317.0K |
| Net Debt | $301.0K |
