| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $15M | $18M | 1.7% | -16.9% |
| Op. Income | -$5M | -$3M | -$4M | -57.2% | -35.3% |
| Gross Margin | 15.9% | 10.2% | 2.8% | 5.7pp | 13.1pp |
| Net Margin | -33.2% | -20.9% | -19.8% | -12.3pp | -13.4pp |
| EPS (Diluted) | $-0.34 | $-0.21 | $-0.32 | -61.9% | -6.3% |
| Free Cash Flow | $3M | -$3M | -$5M | 189.2% | 159.2% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$5M |
| Interest Income | $38.0K |
| Interest Expense | $14.0K |
| Other Income/Expenses | -$125.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $1M |
| EBIT | -$5M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $534.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$136.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$136.0K |
| Net Debt Issuance | $66.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $558.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $13M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $17M |
| Goodwill | $10M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $106.0K |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $72M |
| Account Payables | $8M |
| Short-Term Debt | $45.0K |
| Deferred Revenue | $918.0K |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $246.0K |
| Deferred Revenue NC | $594.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $144M |
| Retained Earnings | -$101M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $200.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43M |
| Minority Interest | $0 |
| TOTAL EQUITY | $43M |
| TOTAL LIABILITIES & EQUITY | $72M |
| Total Debt | $2M |
| Net Debt | -$6M |
