| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $50M | — | -17.4% | — |
| Op. Income | -$24M | -$24M | — | 0.5% | — |
| Gross Margin | -27.1% | -21.2% | — | -5.9pp | — |
| Net Margin | -64.0% | -11.9% | — | -52.1pp | — |
| EPS (Diluted) | $-0.07 | $-0.02 | — | -276.7% | — |
| Free Cash Flow | -$67M | -$109M | — | 39.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $53M |
| GROSS PROFIT | -$11M |
| R&D Expenses | $0 |
| Selling & Marketing | $165.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $3M |
| Operating Expenses | $12M |
| Cost & Expenses | $65M |
| OPERATING INCOME | -$24M |
| Interest Income | $2M |
| Interest Expense | $349.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $49M |
| EBIT | -$25M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$76M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $503.0K |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | -$575.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $138M |
| FREE CASH FLOW | -$67M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $139M |
| Short-Term Investments | $57M |
| Net Receivables | $19M |
| Inventory | $1M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $237M |
| PP&E (Net) | $281M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $299M |
| TOTAL ASSETS | $536M |
| Account Payables | $21M |
| Short-Term Debt | $164.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $727M |
| Additional Paid-In Capital | $59M |
| Retained Earnings | -$316M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $474M |
| Minority Interest | $0 |
| TOTAL EQUITY | $474M |
| TOTAL LIABILITIES & EQUITY | $536M |
| Total Debt | $16M |
| Net Debt | -$123M |
