Reported March 31, 2024
| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | — | $28M | — | -26.3% |
| Op. Income | $2M | — | $2M | — | -16.5% |
| Gross Margin | 13.1% | — | 9.7% | — | 3.4pp |
| Net Margin | 7.5% | — | 6.9% | — | 0.5pp |
| EPS (Diluted) | $0.08 | — | $0.10 | — | -20.6% |
| Free Cash Flow | -$1M | — | $6M | — | -122.0% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $16.5K |
| General & Administrative | $741.9K |
| SG&A Expenses | $789.2K |
| Other Expenses | $0 |
| Operating Expenses | $789.2K |
| Cost & Expenses | $19M |
| OPERATING INCOME | $2M |
| Interest Income | $811 |
| Interest Expense | $191 |
| Other Income/Expenses | -$2.4K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $363.9K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $8.1K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $16.5K |
| General & Administrative | $741.9K |
| SG&A Expenses | $789.2K |
| Other Expenses | $0 |
| Operating Expenses | $789.2K |
| Cost & Expenses | $19M |
| OPERATING INCOME | $2M |
| Interest Income | $811 |
| Interest Expense | $191 |
| Other Income/Expenses | -$2.4K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $363.9K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $8.1K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $8.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$27.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23.9K |
| NET CASH FROM INVESTING | -$3.5K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$27.0K |
| NET CASH FROM FINANCING | -$27.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$192.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | -$9.1K |
| Inventory | $8M |
| Other Current Assets | $9.1K |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $156.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $765.4K |
| TOTAL NON-CURRENT ASSETS | $921.4K |
| TOTAL ASSETS | $13M |
| Account Payables | $0 |
| Short-Term Debt | $9.2K |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$9.2K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.4K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $49.5K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $125.4K |
| Net Debt | -$3M |