| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $39M | $70M | 31.2% | -26.8% |
| Op. Income | -$20M | -$30M | -$30M | 32.3% | 31.8% |
| Gross Margin | 50.5% | 46.9% | 42.8% | 3.6pp | 7.7pp |
| Net Margin | -37.1% | -69.5% | -41.1% | 32.4pp | 4.0pp |
| EPS (Diluted) | $-2.45 | $-3.52 | $-3.84 | 30.4% | 36.2% |
| Free Cash Flow | -$17M | -$27M | -$4M | 38.2% | -351.3% |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $26M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $34M |
| SG&A Expenses | $45M |
| Other Expenses | $954.0K |
| Operating Expenses | $46M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$20M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $552.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $2M |
| EBIT | -$19M |
| EBITDA | -$17M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $156.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $861.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $150.0K |
| NET CASH FROM FINANCING | $150.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $88M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $54M |
| Other Current Assets | $859.0K |
| TOTAL CURRENT ASSETS | $165M |
| PP&E (Net) | $69M |
| Goodwill | $0 |
| Intangible Assets | $56.0K |
| Long-Term Investments | $2M |
| Tax Assets | $1M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $74M |
| TOTAL ASSETS | $239M |
| Account Payables | $10M |
| Short-Term Debt | $11M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38.0K |
| TOTAL NON-CURRENT LIABILITIES | $55M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $586M |
| Retained Earnings | -$438M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $0 |
| TOTAL EQUITY | $144M |
| TOTAL LIABILITIES & EQUITY | $239M |
| Total Debt | $66M |
| Net Debt | -$22M |
