| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $4M | $5M | -36.4% | -58.0% |
| Op. Income | -$3M | -$2M | -$1M | -40.7% | -115.8% |
| Gross Margin | -0.9% | 31.8% | 33.7% | -32.6pp | -34.6pp |
| Net Margin | -122.4% | -52.4% | -18.6% | -70.0pp | -103.8pp |
| EPS (Diluted) | $-0.12 | $-0.08 | $-0.04 | -51.5% | -182.4% |
| Free Cash Flow | -$3M | $364.0K | -$8M | -984.9% | 58.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$20.0K |
| R&D Expenses | $868.0K |
| Selling & Marketing | $1M |
| General & Administrative | $845.0K |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $119.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $15.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $200.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $200.0K |
| Stock-Based Compensation | $22.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $50.0K |
| Change in Working Capital | -$607.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$66.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $2M |
| Net Receivables | $3M |
| Inventory | $15M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $621.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $31M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $23.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $5M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $32M |
| Retained Earnings | -$6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$294.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $31M |
| Total Debt | $515.0K |
| Net Debt | -$2M |
