| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $105M | $101M | $89M | 4.0% | 17.1% |
| Op. Income | -$8M | -$1M | -$1M | -632.2% | -651.3% |
| Gross Margin | 11.0% | 10.4% | 12.2% | 0.6pp | -1.3pp |
| Net Margin | -52.5% | -4.8% | -4.0% | -47.6pp | -48.4pp |
| EPS (Diluted) | $-1.96 | $-0.04 | $-0.06 | -4447.6% | -3450.7% |
| Free Cash Flow | -$15M | $11M | $10M | -237.9% | -250.2% |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $1M |
| Operating Expenses | $20M |
| Cost & Expenses | $113M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | -$72M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | -$55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$55M |
| D&A | $1M |
| EBIT | -$8M |
| EBITDA | -$7M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$55M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $54M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$20.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20.7K |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$534.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $439.5K |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $34M |
| Long-Term Investments | $0 |
| Tax Assets | $24M |
| Other Non-Current Assets | $850.7K |
| TOTAL NON-CURRENT ASSETS | $62M |
| TOTAL ASSETS | $134M |
| Account Payables | $433.7K |
| Short-Term Debt | $37M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $42M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $111M |
| Common Stock | $440 |
| Additional Paid-In Capital | $83M |
| Retained Earnings | -$60M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $134M |
| Total Debt | $81M |
| Net Debt | $81M |
