| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $15M | $3M | -17.5% | 312.2% |
| Op. Income | -$10M | -$7M | -$42M | -37.9% | 76.0% |
| Gross Margin | 82.5% | 88.8% | 72.7% | -6.4pp | 9.8pp |
| Net Margin | -53.6% | -149.9% | -1632.0% | 96.4pp | 1578.5pp |
| EPS (Diluted) | $-0.30 | $-1.03 | $-2.72 | 71.1% | 89.1% |
| Free Cash Flow | -$3M | -$4M | -$11M | 21.7% | 68.5% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $10M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $456.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$10M |
| Interest Income | $67.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$31.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$90.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$90.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $467.0K |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $3M |
| Other Current Assets | $877.0K |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $76M |
| Goodwill | $7M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $9.0K |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $118M |
| TOTAL ASSETS | $135M |
| Account Payables | $14M |
| Short-Term Debt | $5M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $108M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $898M |
| Retained Earnings | -$870M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $135M |
| Total Debt | $32M |
| Net Debt | $31M |
