| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $42M | $60M | 8.5% | -22.8% |
| Op. Income | -$12M | -$21M | -$3M | 42.3% | -347.7% |
| Gross Margin | 31.4% | 20.5% | 49.1% | 10.8pp | -17.7pp |
| Net Margin | -19.9% | -62.5% | -4.4% | 42.6pp | -15.5pp |
| EPS (Diluted) | $-0.33 | $-0.95 | $-0.10 | 65.3% | -242.7% |
| Free Cash Flow | -$2M | -$19M | -$7M | 90.5% | 74.7% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $14M |
| R&D Expenses | $9M |
| Selling & Marketing | $10M |
| General & Administrative | $6M |
| SG&A Expenses | $16M |
| Other Expenses | $2M |
| Operating Expenses | $27M |
| Cost & Expenses | $58M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $3M |
| EBIT | -$12M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$17.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $663.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $50M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $172M |
| PP&E (Net) | $22M |
| Goodwill | $10M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $225M |
| Account Payables | $17M |
| Short-Term Debt | $3M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $66M |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $85M |
| TOTAL LIABILITIES | $174M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $159M |
| Retained Earnings | -$100M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $225M |
| Total Debt | $76M |
| Net Debt | $33M |
