| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $840.4K | $0 | 21.7% | — |
| Op. Income | -$7M | -$6M | -$4M | -28.2% | -71.5% |
| Gross Margin | 41.2% | 33.2% | — | 8.0pp | — |
| Net Margin | -873.8% | -826.8% | — | -47.0pp | — |
| EPS (Diluted) | $-0.24 | $-0.16 | $-0.14 | -50.0% | -71.4% |
| Free Cash Flow | -$8M | -$4M | -$1M | -83.7% | -452.0% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $601.3K |
| GROSS PROFIT | $421.0K |
| R&D Expenses | $473.3K |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$7M |
| Interest Income | $43.5K |
| Interest Expense | $69.1K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $13.8K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $146.5K |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $146.5K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $10.7K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $808.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $686.7K |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $515.5K |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $32M |
| PP&E (Net) | $19M |
| Goodwill | $3M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $253.4K |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $55M |
| Account Payables | $2M |
| Short-Term Debt | $694.0K |
| Deferred Revenue | $882.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $71.1K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $521.3K |
| Additional Paid-In Capital | $51M |
| Retained Earnings | -$40M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$701.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $3M |
| TOTAL EQUITY | $14M |
| TOTAL LIABILITIES & EQUITY | $55M |
| Total Debt | $32M |
| Net Debt | $4M |
