| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | — | $10M | — | -35.8% |
| Op. Income | -$4M | — | -$4M | — | -1.2% |
| Gross Margin | 19.6% | — | 26.1% | — | -6.5pp |
| Net Margin | -47.9% | — | -28.4% | — | -19.5pp |
| EPS (Diluted) | $-0.30 | — | $-0.28 | — | -7.1% |
| Free Cash Flow | -$2M | — | -$6M | — | 64.7% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $1M |
| R&D Expenses | $485.8K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $113.7K |
| Other Income/Expenses | $148.1K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$231.8K |
| 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 | $2M |
| EBIT | -$3M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $399.5K |
| Deferred Income Tax | -$275.1K |
| Other Non-Cash Items | $339.6K |
| Change in Working Capital | -$924.2K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$294.8K |
| Acquisitions (Net) | $56.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$238.8K |
| Net Debt Issuance | -$356.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$810 |
| NET CASH FROM FINANCING | -$341.7K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $3M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $79M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $2M |
| Tax Assets | $2M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $84M |
| TOTAL ASSETS | $98M |
| Account Payables | $1M |
| Short-Term Debt | $1M |
| Deferred Revenue | $231.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $86M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $43 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $98M |
| Total Debt | $19M |
| Net Debt | $16M |
