| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $582.0K | $457.0K | 89.7% | 141.6% |
| Op. Income | -$17M | -$24M | -$52M | 27.7% | 67.0% |
| Gross Margin | 94.4% | 72.9% | 94.3% | 21.5pp | 0.1pp |
| Net Margin | -751.7% | -4603.3% | -11710.1% | 3851.5pp | 10958.3pp |
| EPS (Diluted) | $-3.30 | $-13.89 | $-29.34 | 76.2% | 88.8% |
| Free Cash Flow | -$23M | -$18M | -$38M | -30.9% | 39.4% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $62.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $8M |
| Selling & Marketing | -$718.0K |
| General & Administrative | $10M |
| SG&A Expenses | $9M |
| Other Expenses | $856.0K |
| Operating Expenses | $18M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$17M |
| Interest Income | $671.0K |
| Interest Expense | $4M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $77.0K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $77.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$172.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $0 |
| Net Receivables | $812.0K |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $64M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $87.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $65M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $103M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $112M |
| TOTAL LIABILITIES | $140M |
| Common Stock | $40.0K |
| Additional Paid-In Capital | $551M |
| Retained Earnings | -$626M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$74M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$74M |
| TOTAL LIABILITIES & EQUITY | $65M |
| Total Debt | $103M |
| Net Debt | $47M |
