| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $14M | 3.3% | -12.1% |
| Op. Income | -$3M | -$4M | -$8M | 30.2% | 68.2% |
| Gross Margin | 51.6% | 43.8% | 29.5% | 7.8pp | 22.0pp |
| Net Margin | -16.4% | -42.0% | -70.4% | 25.6pp | 54.0pp |
| EPS (Diluted) | $-0.04 | $-0.09 | $-0.19 | 59.9% | 80.1% |
| Free Cash Flow | $2M | $666.0K | -$4M | 228.8% | 150.9% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$3M |
| Interest Income | $725.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $573.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $55.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $5M |
| EBIT | -$3M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $577.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$26.0K |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$62.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $769.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $37M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $290.0K |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $91M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $975.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $26M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $365M |
| Retained Earnings | -$300M |
| Treasury Stock | -$26.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $65M |
| Minority Interest | $0 |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $91M |
| Total Debt | $4M |
| Net Debt | -$35M |
