| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $37M | $47M | 3.8% | -18.1% |
| Op. Income | $1M | -$4M | $2M | 133.9% | -41.1% |
| Gross Margin | 37.7% | 29.0% | 37.9% | 8.8pp | -0.2pp |
| Net Margin | -3.8% | -19.1% | -1.7% | 15.3pp | -2.1pp |
| EPS (Diluted) | $-5.52 | $-22.86 | $-3.60 | 75.9% | -53.3% |
| Free Cash Flow | -$5M | -$2M | $2M | -130.5% | -384.3% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $15M |
| R&D Expenses | $985.0K |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $37M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$91.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | $997.0K |
| EBITDA | $3M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $243.0K |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | $85.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$17.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17.0K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $38M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $85M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $42M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $856.0K |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $139M |
| Account Payables | $16M |
| Short-Term Debt | $3M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $131M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $120M |
| Retained Earnings | -$113M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $443.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $139M |
| Total Debt | $49M |
| Net Debt | $42M |
