| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | — | $14M | — | -28.0% |
| Op. Income | $84.5K | — | $3M | — | -97.2% |
| Gross Margin | 29.1% | — | 33.3% | — | -4.2pp |
| Net Margin | -0.1% | — | 15.0% | — | -15.1pp |
| EPS (Diluted) | $-0.01 | — | $2.36 | — | -100.3% |
| Free Cash Flow | -$2M | — | -$2M | — | 14.2% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $3M |
| R&D Expenses | $890.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $84.5K |
| Interest Income | $160 |
| Interest Expense | $143.7K |
| Other Income/Expenses | -$35.6K |
| INCOME BEFORE TAX | $48.9K |
| Income Tax Expense | $90.7K |
| Net Income from Continuing Ops | -$41.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10.5K |
| D&A | $686.0K |
| EBIT | $84.5K |
| EBITDA | $770.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10.5K |
| Depreciation & Amortization | $801.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$11.3K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$694 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$693 |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $606.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $717.9K |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $17M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $992.5K |
| Long-Term Investments | $0 |
| Tax Assets | $12.7K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $50M |
| Account Payables | $1M |
| Short-Term Debt | $5M |
| Deferred Revenue | $497.9K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $1.4K |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $21M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | -$2M |
| TOTAL STOCKHOLDERS' EQUITY | $37M |
| Minority Interest | $623.4K |
| TOTAL EQUITY | $37M |
| TOTAL LIABILITIES & EQUITY | $50M |
| Total Debt | $7M |
| Net Debt | $6M |
