| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $15M | $12M | -9.4% | 6.8% |
| Op. Income | -$3M | -$2M | -$3M | -36.3% | 2.9% |
| Gross Margin | 5.8% | 9.1% | 7.7% | -3.3pp | -1.8pp |
| Net Margin | -19.6% | -12.8% | -7.9% | -6.8pp | -11.7pp |
| EPS (Diluted) | $-0.15 | $-0.11 | $-0.09 | -36.4% | -65.4% |
| Free Cash Flow | -$1M | -$3M | -$9M | 64.4% | 86.4% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $767.2K |
| R&D Expenses | $0 |
| Selling & Marketing | $110.8K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $313.1K |
| Operating Expenses | $3M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$3M |
| Interest Income | $102.0K |
| Interest Expense | $342.4K |
| Other Income/Expenses | -$88.7K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| 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 | $313.1K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $313.1K |
| Stock-Based Compensation | $340.2K |
| Deferred Income Tax | -$1.3K |
| Other Non-Cash Items | $78.6K |
| Change in Working Capital | $649.3K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$34.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $150.1K |
| NET CASH FROM INVESTING | $116.0K |
| Net Debt Issuance | $539.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $649.0K |
| NET CASH FROM FINANCING | $539.7K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$521.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $343.5K |
| Short-Term Investments | $21.5K |
| Net Receivables | $21M |
| Inventory | $4M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $13M |
| Goodwill | $49.7K |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $61M |
| Account Payables | $11M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $17.8K |
| Additional Paid-In Capital | $130M |
| Retained Earnings | -$96M |
| Treasury Stock | -$917.2K |
| Accum. Other Comp. Income | -$1M |
| Other Equity | -$20 |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $12M |
| Net Debt | $11M |
