| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | — | $12M | — | 242.0% |
| Op. Income | -$8M | — | -$27M | — | 69.7% |
| Gross Margin | 30.8% | — | -1.4% | — | 32.2pp |
| Net Margin | -24.9% | — | -215.7% | — | 190.7pp |
| EPS (Diluted) | $-0.10 | — | $-0.28 | — | 65.7% |
| Free Cash Flow | -$9M | — | -$28M | — | 68.9% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $13M |
| EBIT | -$8M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$234.0K |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $307.0K |
| Inventory | $0 |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $427M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $444M |
| TOTAL ASSETS | $481M |
| Account Payables | $38M |
| Short-Term Debt | $9M |
| Deferred Revenue | $93M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $202M |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $123M |
| TOTAL LIABILITIES | $325M |
| Common Stock | $123.0K |
| Additional Paid-In Capital | $278M |
| Retained Earnings | -$123M |
| Treasury Stock | -$62.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $156M |
| Minority Interest | $0 |
| TOTAL EQUITY | $156M |
| TOTAL LIABILITIES & EQUITY | $481M |
| Total Debt | $184M |
| Net Debt | $174M |
