| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $343.1K | -7.1% | 297.3% |
| Op. Income | -$826.4K | -$1M | -$753.9K | 19.4% | -9.6% |
| Gross Margin | 10.9% | 19.3% | -5.4% | -8.4pp | 16.3pp |
| Net Margin | -69.2% | -71.6% | -283.8% | 2.5pp | 214.6pp |
| EPS (Diluted) | $-0.22 | $-0.26 | $-0.25 | 15.4% | 12.0% |
| Free Cash Flow | -$1M | -$553.6K | -$2M | -149.3% | 36.0% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $148.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $41.1K |
| General & Administrative | $934.0K |
| SG&A Expenses | $975.2K |
| Other Expenses | $0 |
| Operating Expenses | $975.2K |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$826.4K |
| Interest Income | $2.8K |
| Interest Expense | $119.0K |
| Other Income/Expenses | -$116.1K |
| INCOME BEFORE TAX | -$942.6K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$942.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$942.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$942.6K |
| D&A | $56.3K |
| EBIT | -$823.6K |
| EBITDA | -$767.3K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$942.6K |
| Depreciation & Amortization | $56.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $235.7K |
| Change in Working Capital | -$203.4K |
| OPERATING CASH FLOW | -$853.9K |
| Capital Expenditure | -$526.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$526.3K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$399.1K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $684.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $936.1K |
| Short-Term Investments | $0 |
| Net Receivables | $414.7K |
| Inventory | $274.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $649.7K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $7M |
| Account Payables | $1M |
| Short-Term Debt | $86.8K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $5M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $17M |
| Retained Earnings | -$15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $58 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $4M |
| Net Debt | $3M |
