| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $1M | -8.5% | 5.7% |
| Op. Income | -$2M | -$1M | -$2M | -30.5% | 3.5% |
| Gross Margin | 20.7% | 24.1% | 23.7% | -3.3pp | -3.0pp |
| Net Margin | -96.2% | -66.1% | -109.7% | -30.1pp | 13.6pp |
| EPS (Diluted) | $-0.09 | $-0.07 | $-0.12 | -33.1% | 25.3% |
| Free Cash Flow | -$854.0K | -$2M | -$1M | 50.8% | 31.0% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $325.0K |
| R&D Expenses | $412.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $109.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $109.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $8.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $91.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $91.0K |
| Stock-Based Compensation | $122.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$41.0K |
| Change in Working Capital | $493.0K |
| OPERATING CASH FLOW | -$842.0K |
| Capital Expenditure | -$12.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $71.0K |
| NET CASH FROM FINANCING | $71.0K |
| FREE CASH FLOW | -$854.0K |
| Net Change in Cash | -$854.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $204.0K |
| Long-Term Investments | $165.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $96.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $12M |
| Account Payables | $783.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $60.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $626.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $1M |
| Additional Paid-In Capital | $53M |
| Retained Earnings | -$45M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $937.0K |
| Net Debt | -$6M |
