| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $582.0K | $454.6K | $83.0K | 28.0% | 601.3% |
| Op. Income | $368.8K | -$340.3K | -$2M | 208.4% | 123.2% |
| Gross Margin | 42.5% | 27.5% | 53.0% | 15.1pp | -10.5pp |
| Net Margin | 77.2% | -77.9% | -1910.8% | 155.1pp | 1988.0pp |
| EPS (Diluted) | $-2.29 | $-0.05 | $-2.11 | -4564.0% | -8.5% |
| Free Cash Flow | -$9.0K | $77.5K | — | -111.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $582.0K |
| Cost of Revenue | $334.4K |
| GROSS PROFIT | $247.6K |
| R&D Expenses | $0 |
| Selling & Marketing | $5.9K |
| General & Administrative | -$127.1K |
| SG&A Expenses | -$121.2K |
| Other Expenses | $0 |
| Operating Expenses | -$121.2K |
| Cost & Expenses | $213.3K |
| OPERATING INCOME | $368.8K |
| Interest Income | $0 |
| Interest Expense | $9.1K |
| Other Income/Expenses | $80.5K |
| INCOME BEFORE TAX | $449.2K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $449.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $449.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $449.2K |
| D&A | $150 |
| EBIT | $458.3K |
| EBITDA | $458.5K |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| REVENUE | $582.0K |
| Cost of Revenue | $334.4K |
| GROSS PROFIT | $247.6K |
| R&D Expenses | $0 |
| Selling & Marketing | $5.9K |
| General & Administrative | -$127.1K |
| SG&A Expenses | -$121.2K |
| Other Expenses | $0 |
| Operating Expenses | -$121.2K |
| Cost & Expenses | $213.3K |
| OPERATING INCOME | $368.8K |
| Interest Income | $0 |
| Interest Expense | $9.1K |
| Other Income/Expenses | $80.5K |
| INCOME BEFORE TAX | $449.2K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $449.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $449.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $449.2K |
| D&A | $150 |
| EBIT | $458.3K |
| EBITDA | $458.5K |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | $449.2K |
| Depreciation & Amortization | $150 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$364.4K |
| Change in Working Capital | -$93.8K |
| OPERATING CASH FLOW | -$8.8K |
| Capital Expenditure | -$227 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$227 |
| Net Debt Issuance | -$42.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $800.0K |
| NET CASH FROM FINANCING | $757.3K |
| FREE CASH FLOW | -$9.0K |
| Net Change in Cash | $713.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $684.5K |
| Short-Term Investments | $0 |
| Net Receivables | $290.7K |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $1.4K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.4K |
| TOTAL ASSETS | $2M |
| Account Payables | $152.3K |
| Short-Term Debt | $385.9K |
| Deferred Revenue | $475.7K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $17.9K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $17.9K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $208.6K |
| Additional Paid-In Capital | $782.9K |
| Retained Earnings | -$259.1K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$52.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $679.8K |
| Minority Interest | $0 |
| TOTAL EQUITY | $679.8K |
| TOTAL LIABILITIES & EQUITY | $2M |
| Total Debt | $403.9K |
| Net Debt | -$280.6K |
