| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $838.0K | — | $197.0K | — | 325.4% |
| Op. Income | -$21M | — | -$19M | — | -11.2% |
| Gross Margin | -106.8% | — | -268.5% | — | 161.7pp |
| Net Margin | -2969.3% | — | -9487.3% | — | 6518.0pp |
| EPS (Diluted) | $-1.14 | — | $-0.04 | — | -3111.3% |
| Free Cash Flow | -$17M | — | -$12M | — | -39.9% |
| Item | Amount |
|---|---|
| REVENUE | $838.0K |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$895.0K |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$21M |
| Interest Income | $169.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $4M |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $2M |
| EBIT | -$20M |
| EBITDA | -$18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$308.0K |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$169.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$169.0K |
| Net Debt Issuance | -$226.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$87.0K |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $49M |
| Goodwill | $435M |
| Intangible Assets | $34M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $520M |
| TOTAL ASSETS | $553M |
| Account Payables | $6M |
| Short-Term Debt | $4M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $151M |
| TOTAL NON-CURRENT LIABILITIES | $217M |
| TOTAL LIABILITIES | $246M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $801M |
| Retained Earnings | -$528M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$21.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $270M |
| Minority Interest | $37M |
| TOTAL EQUITY | $307M |
| TOTAL LIABILITIES & EQUITY | $553M |
| Total Debt | $75M |
| Net Debt | $45M |
