| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $851.0K | $1M | 57.6% | 0.5% |
| Op. Income | -$245.1K | -$505.0K | -$304.9K | 51.5% | 19.6% |
| Gross Margin | 24.5% | 23.8% | 30.2% | 0.7pp | -5.7pp |
| Net Margin | -53.8% | -143.5% | 102.0% | 89.7pp | -155.8pp |
| EPS (Diluted) | $-1.95 | $-3.75 | $5.55 | 48.0% | -135.1% |
| Free Cash Flow | $642.1K | -$220.5K | -$473.9K | 391.1% | 235.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $328.6K |
| R&D Expenses | $0 |
| Selling & Marketing | $22.4K |
| General & Administrative | $551.4K |
| SG&A Expenses | $573.7K |
| Other Expenses | $0 |
| Operating Expenses | $573.7K |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$245.1K |
| Interest Income | $342 |
| Interest Expense | $58.0K |
| Other Income/Expenses | -$475.4K |
| INCOME BEFORE TAX | -$720.5K |
| Income Tax Expense | $1.1K |
| Net Income from Continuing Ops | -$721.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$721.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$721.5K |
| D&A | $26.9K |
| EBIT | -$662.4K |
| EBITDA | -$635.5K |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$721.5K |
| Depreciation & Amortization | -$65.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $247.0K |
| OPERATING CASH FLOW | $722.2K |
| Capital Expenditure | -$80.1K |
| Acquisitions (Net) | -$8.2K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$88.3K |
| Net Debt Issuance | -$180.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$541.2K |
| NET CASH FROM FINANCING | -$722.0K |
| FREE CASH FLOW | $642.1K |
| Net Change in Cash | -$93.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $810.5K |
| Short-Term Investments | $18M |
| Net Receivables | $6M |
| Inventory | $191.7K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $51M |
| Account Payables | $79.4K |
| Short-Term Debt | $642.8K |
| Deferred Revenue | $243.7K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $949.8K |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $26M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $35M |
| Retained Earnings | -$11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $55.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $24M |
| Net Debt | $23M |
