| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $6M | -12.1% | -63.5% |
| Op. Income | -$628.0K | -$1M | $36.0K | 41.3% | -1844.4% |
| Gross Margin | -9.2% | -4.8% | 3.7% | -4.4pp | -12.8pp |
| Net Margin | -30.2% | -27.6% | -2.1% | -2.6pp | -28.1pp |
| EPS (Diluted) | $-0.01 | $-0.01 | $-0.00 | 10.0% | -145.5% |
| Free Cash Flow | $200.6K | -$433.0K | -$3M | 146.3% | 106.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$214.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $61.0K |
| General & Administrative | $353.0K |
| SG&A Expenses | $414.0K |
| Other Expenses | $0 |
| Operating Expenses | $414.0K |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$628.0K |
| Interest Income | $0 |
| Interest Expense | $9.0K |
| Other Income/Expenses | -$76.0K |
| INCOME BEFORE TAX | -$704.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$704.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$704.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$704.0K |
| D&A | $919.0K |
| EBIT | -$695.0K |
| EBITDA | $224.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$704.0K |
| Depreciation & Amortization | $919.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$51.4K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23.4K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $384.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$180.9K |
| NET CASH FROM FINANCING | $202.0K |
| FREE CASH FLOW | $200.6K |
| Net Change in Cash | $255.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $287.0K |
| Short-Term Investments | $815.0K |
| Net Receivables | $441.0K |
| Inventory | $815.0K |
| Other Current Assets | -$146.0K |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $25M |
| Account Payables | $90.0K |
| Short-Term Debt | $510.0K |
| Deferred Revenue | $670.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $5M |
| Common Stock | $139.0K |
| Additional Paid-In Capital | $207M |
| Retained Earnings | -$188M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $25M |
| Total Debt | $510.0K |
| Net Debt | $223.0K |
