| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $5M | $4M | -19.1% | 1.4% |
| Op. Income | -$12M | -$10M | -$8M | -12.9% | -49.6% |
| Gross Margin | -214.9% | -126.2% | 100.0% | -88.6pp | -314.9pp |
| Net Margin | -277.0% | -199.6% | -188.0% | -77.4pp | -88.9pp |
| EPS (Diluted) | $-0.35 | $-0.31 | $-0.29 | -12.9% | -20.7% |
| Free Cash Flow | -$12M | -$2M | -$10M | -540.0% | -28.2% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $13M |
| GROSS PROFIT | -$9M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$13M |
| Operating Expenses | $3M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$12M |
| Interest Income | $591.4K |
| Interest Expense | $0 |
| Other Income/Expenses | $591.4K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $356.9K |
| EBIT | -$12M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $356.9K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10.1K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$80.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $31M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $81.2K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $19M |
| Net Receivables | $370.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $319.6K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $38M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $27M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $191M |
| Retained Earnings | -$180M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $155.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | $0 |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $38M |
| Total Debt | $2M |
| Net Debt | -$9M |
