| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $223.0K | $549.0K | $1M | -59.4% | -84.9% |
| Op. Income | -$11M | -$8M | -$9M | -36.8% | -30.8% |
| Gross Margin | -15.2% | 44.3% | 60.8% | -59.5pp | -76.0pp |
| Net Margin | -5449.8% | -3049.7% | -620.3% | -2400.0pp | -4829.5pp |
| EPS (Diluted) | $-0.12 | $-0.16 | $-0.05 | 25.0% | -150.5% |
| Free Cash Flow | -$14M | -$8M | -$6M | -87.9% | -131.1% |
| Item | Amount |
|---|---|
| REVENUE | $223.0K |
| Cost of Revenue | $257.0K |
| GROSS PROFIT | -$34.0K |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $225.0K |
| Operating Expenses | $11M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $464.0K |
| Other Income/Expenses | -$887.0K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $131.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $184.0K |
| EBIT | -$12M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $184.0K |
| Stock-Based Compensation | $346.0K |
| Deferred Income Tax | $52.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | $96.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $96.0K |
| Net Debt Issuance | $94M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24.0K |
| NET CASH FROM FINANCING | $94M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $87M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $8M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $49M |
| Tax Assets | $1M |
| Other Non-Current Assets | -$48M |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $108M |
| Account Payables | $13M |
| Short-Term Debt | $16M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $133M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $181M |
| TOTAL NON-CURRENT LIABILITIES | $316M |
| TOTAL LIABILITIES | $363M |
| Common Stock | $0 |
| Additional Paid-In Capital | $142M |
| Retained Earnings | -$397M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$255M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$255M |
| TOTAL LIABILITIES & EQUITY | $108M |
| Total Debt | $151M |
| Net Debt | $64M |
