| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $32M | $41M | -4.1% | -24.1% |
| Op. Income | -$4M | -$4M | $12M | 16.6% | -129.1% |
| Gross Margin | 71.4% | 65.6% | 88.4% | 5.9pp | -16.9pp |
| Net Margin | -11.8% | -13.9% | 20.7% | 2.1pp | -32.5pp |
| EPS (Diluted) | $-0.58 | $-0.75 | $1.95 | 22.8% | -129.7% |
| Free Cash Flow | $7M | $8M | $18M | -1.6% | -59.4% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $22M |
| R&D Expenses | $798.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $7M |
| Operating Expenses | $26M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$4M |
| Interest Income | $842.0K |
| Interest Expense | $758.0K |
| Other Income/Expenses | $92.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $149.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $7M |
| EBIT | -$3M |
| EBITDA | $4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $708.0K |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$43M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$75.0K |
| NET CASH FROM FINANCING | -$75.0K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $44M |
| Net Receivables | $40M |
| Inventory | $39M |
| Other Current Assets | $301.0K |
| TOTAL CURRENT ASSETS | $178M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $99M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $699.0K |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $279M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $55M |
| TOTAL LIABILITIES | $147M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $792M |
| Retained Earnings | -$660M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $132M |
| Minority Interest | $0 |
| TOTAL EQUITY | $132M |
| TOTAL LIABILITIES & EQUITY | $279M |
| Total Debt | $41M |
| Net Debt | -$4M |
