| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $3M | -17.1% | -23.1% |
| Op. Income | $259.2K | -$79.0K | -$272.2K | 427.9% | 195.2% |
| Gross Margin | 14.6% | 15.3% | 13.2% | -0.7pp | 1.4pp |
| Net Margin | 10.1% | -4.4% | -10.1% | 14.4pp | 20.2pp |
| EPS (Diluted) | $0.11 | $-0.06 | $-0.02 | 287.4% | 714.5% |
| Free Cash Flow | -$674.1K | -$59.1K | -$38.2K | -1040.7% | -1665.7% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $288.7K |
| R&D Expenses | $8.2K |
| Selling & Marketing | $0 |
| General & Administrative | $759.7K |
| SG&A Expenses | $759.7K |
| Other Expenses | -$738.3K |
| Operating Expenses | $29.6K |
| Cost & Expenses | $2M |
| OPERATING INCOME | $259.2K |
| Interest Income | $0 |
| Interest Expense | $4.5K |
| Other Income/Expenses | -$4.5K |
| INCOME BEFORE TAX | $254.7K |
| Income Tax Expense | $55.6K |
| Net Income from Continuing Ops | $199.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199.1K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199.1K |
| D&A | $31.5K |
| EBIT | $259.2K |
| EBITDA | $290.6K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $288.7K |
| R&D Expenses | $8.2K |
| Selling & Marketing | $0 |
| General & Administrative | $759.7K |
| SG&A Expenses | $759.7K |
| Other Expenses | -$738.3K |
| Operating Expenses | $29.6K |
| Cost & Expenses | $2M |
| OPERATING INCOME | $259.2K |
| Interest Income | $0 |
| Interest Expense | $4.5K |
| Other Income/Expenses | -$4.5K |
| INCOME BEFORE TAX | $254.7K |
| Income Tax Expense | $55.6K |
| Net Income from Continuing Ops | $199.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199.1K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199.1K |
| D&A | $31.5K |
| EBIT | $259.2K |
| EBITDA | $290.6K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $199.1K |
| Depreciation & Amortization | $31.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$576.5K |
| Change in Working Capital | -$326.3K |
| OPERATING CASH FLOW | -$672.3K |
| Capital Expenditure | -$1.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$110.3K |
| Sales/Maturities of Investments | $86.3K |
| Other Investing Activities | $89.1K |
| NET CASH FROM INVESTING | $63.3K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $175.4K |
| NET CASH FROM FINANCING | $175.4K |
| FREE CASH FLOW | -$674.1K |
| Net Change in Cash | -$476.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $995.0K |
| Inventory | $1M |
| Other Current Assets | $400.8K |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $11M |
| Account Payables | $954.8K |
| Short-Term Debt | $53.2K |
| Deferred Revenue | $5.9K |
| Other Current Liabilities | $385.4K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11.9K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $194.6K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $17M |
| Additional Paid-In Capital | -$5M |
| Retained Earnings | -$2M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$884.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $11M |
| Total Debt | $235.9K |
| Net Debt | -$5M |
