| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $5M | $3M | 12.8% | 119.2% |
| Op. Income | -$2M | -$1M | -$3M | -24.7% | 38.2% |
| Gross Margin | 51.5% | 56.2% | 40.2% | -4.7pp | 11.3pp |
| Net Margin | -11.4% | -123.1% | -103.6% | 111.7pp | 92.2pp |
| EPS (Diluted) | $-0.04 | $-0.48 | $-0.21 | 91.7% | 81.0% |
| Free Cash Flow | -$3M | -$2M | -$3M | -48.1% | 17.8% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $3M |
| R&D Expenses | $1M |
| Selling & Marketing | $3M |
| General & Administrative | $978.0K |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$2M |
| Interest Income | $1M |
| Interest Expense | $378.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$687.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$687.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$687.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$687.0K |
| D&A | $357.0K |
| EBIT | -$309.0K |
| EBITDA | $48.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$687.0K |
| Depreciation & Amortization | $357.0K |
| Stock-Based Compensation | $195.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $344.0K |
| OPERATING CASH FLOW | -$958.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$225.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$119.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $401.0K |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $27M |
| Account Payables | $4M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $97M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $27M |
| Total Debt | $10M |
| Net Debt | $5M |
