| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | — | $11M | — | 113.3% |
| Op. Income | -$2M | — | -$5M | — | 48.3% |
| Gross Margin | 7.4% | — | -21.1% | — | 28.5pp |
| Net Margin | -9.9% | — | -41.9% | — | 32.0pp |
| EPS (Diluted) | $-0.97 | — | $-0.20 | — | -394.9% |
| Free Cash Flow | -$602.9K | — | -$11M | — | 94.6% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $105.4K |
| Other Income/Expenses | $18.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $144.7K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $397.4K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $397.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$10.6K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $157.8K |
| OPERATING CASH FLOW | -$586.1K |
| Capital Expenditure | -$16.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$535.8K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$552.6K |
| Net Debt Issuance | $96.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13.3K |
| NET CASH FROM FINANCING | $110.1K |
| FREE CASH FLOW | -$602.9K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $1M |
| Net Receivables | $20M |
| Inventory | $738 |
| Other Current Assets | -$738 |
| TOTAL CURRENT ASSETS | $35M |
| PP&E (Net) | $568.5K |
| Goodwill | $0 |
| Intangible Assets | $115.0K |
| Long-Term Investments | $15.4K |
| Tax Assets | $10.8K |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $41M |
| Account Payables | $6M |
| Short-Term Debt | $5M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $789.3K |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $739.4K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $752.8K |
| TOTAL LIABILITIES | $17M |
| Common Stock | $24.4K |
| Additional Paid-In Capital | $40M |
| Retained Earnings | -$16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $126.2K |
| Other Equity | -$15.4K |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | -$694.2K |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $41M |
| Total Debt | $5M |
| Net Debt | $4M |
