| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $12M | $9M | 6.8% | 42.6% |
| Op. Income | $592.0K | -$76.0K | -$700.0K | 878.9% | 184.6% |
| Gross Margin | 51.8% | 46.9% | 46.7% | 4.8pp | 5.0pp |
| Net Margin | -4.7% | -0.9% | -15.5% | -3.8pp | 10.8pp |
| EPS (Diluted) | $-0.06 | $-0.01 | $-0.19 | -461.0% | 69.0% |
| Free Cash Flow | $2M | $1M | $1M | 44.7% | 22.6% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $592.0K |
| Interest Income | $0 |
| Interest Expense | $513.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$590.0K |
| Income Tax Expense | $25.0K |
| Net Income from Continuing Ops | -$615.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$615.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$615.0K |
| D&A | $930.0K |
| EBIT | -$77.0K |
| EBITDA | $853.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$615.0K |
| Depreciation & Amortization | $930.0K |
| Stock-Based Compensation | $3.0K |
| Deferred Income Tax | $19.0K |
| Other Non-Cash Items | $953.0K |
| Change in Working Capital | $978.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$665.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$663.0K |
| NET CASH FROM INVESTING | -$665.0K |
| Net Debt Issuance | -$230.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$186.0K |
| NET CASH FROM FINANCING | -$416.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $1M |
| Goodwill | $26M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $393.0K |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $70M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $187.0K |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $104.0K |
| Additional Paid-In Capital | $82M |
| Retained Earnings | -$54M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $70M |
| Total Debt | $15M |
| Net Debt | $11M |
