| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $4M | 1.3% | -7.1% |
| Op. Income | -$519.0K | -$635.0K | -$662.0K | 18.3% | 21.6% |
| Gross Margin | 66.4% | 68.0% | 69.2% | -1.6pp | -2.8pp |
| Net Margin | -15.8% | -16.6% | -12.5% | 0.7pp | -3.3pp |
| EPS (Diluted) | $-0.06 | $-0.06 | $-0.05 | 3.4% | -17.8% |
| Free Cash Flow | -$91.0K | -$896.0K | $603.0K | 89.8% | -115.1% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $3M |
| R&D Expenses | $1M |
| Selling & Marketing | $941.0K |
| General & Administrative | $766.0K |
| SG&A Expenses | $2M |
| Other Expenses | $299.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$519.0K |
| Interest Income | $0 |
| Interest Expense | $53.0K |
| Other Income/Expenses | -$78.0K |
| INCOME BEFORE TAX | -$597.0K |
| Income Tax Expense | $5.0K |
| Net Income from Continuing Ops | -$602.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$602.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$602.0K |
| D&A | $307.0K |
| EBIT | -$544.0K |
| EBITDA | -$237.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$602.0K |
| Depreciation & Amortization | $307.0K |
| Stock-Based Compensation | $182.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25.0K |
| Change in Working Capital | $2.0K |
| OPERATING CASH FLOW | -$86.0K |
| Capital Expenditure | -$5.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.0K |
| Net Debt Issuance | -$21.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$21.0K |
| FREE CASH FLOW | -$91.0K |
| Net Change in Cash | -$107.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $388.0K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $330.0K |
| Goodwill | $8M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $54.0K |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $16M |
| Account Payables | $1M |
| Short-Term Debt | $273.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $365.0K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $339.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $758.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $6M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $102M |
| Retained Earnings | -$91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$273.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $858.0K |
| Net Debt | -$444.0K |
