| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $34M | $72M | 7.8% | -48.6% |
| Op. Income | -$10M | -$8M | $12M | -19.3% | -180.8% |
| Gross Margin | 7.7% | 13.7% | 32.8% | -6.0pp | -25.1pp |
| Net Margin | -16.0% | -15.4% | 14.4% | -0.6pp | -30.4pp |
| EPS (Diluted) | $-0.40 | $-0.35 | $0.68 | -14.3% | -158.8% |
| Free Cash Flow | -$5M | $5M | $6M | -196.2% | -180.7% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $102.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$2M |
| 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 | -$8M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$258.0K |
| Other Non-Cash Items | -$609.0K |
| Change in Working Capital | $658.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $248.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13.0K |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $127M |
| Net Receivables | $22M |
| Inventory | $84M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $257M |
| PP&E (Net) | $35M |
| Goodwill | $7M |
| Intangible Assets | $6M |
| Long-Term Investments | $7M |
| Tax Assets | $3M |
| Other Non-Current Assets | $991.0K |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $315M |
| Account Payables | $6M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $721.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $144.0K |
| Additional Paid-In Capital | $163M |
| Retained Earnings | $116M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $130.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $279M |
| Minority Interest | $0 |
| TOTAL EQUITY | $279M |
| TOTAL LIABILITIES & EQUITY | $315M |
| Total Debt | $15M |
| Net Debt | -$800.0K |
