| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | — | $44M | — | -15.1% |
| Op. Income | $2M | — | $2M | — | 3.0% |
| Gross Margin | 19.5% | — | 16.0% | — | 3.5pp |
| Net Margin | 9.4% | — | -1.3% | — | 10.7pp |
| EPS (Diluted) | $0.22 | — | $-0.04 | — | 725.0% |
| Free Cash Flow | $5M | — | $4M | — | 32.0% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $36M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $169.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $771.0K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $36M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $169.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $771.0K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $771.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$22.0K |
| Other Non-Cash Items | -$79.0K |
| Change in Working Capital | $737.0K |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$141.0K |
| Acquisitions (Net) | $126.0K |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $934.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $33M |
| Net Receivables | $17M |
| Inventory | $15M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $83M |
| PP&E (Net) | $25M |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $3M |
| Tax Assets | $247.0K |
| Other Non-Current Assets | -$28M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $112M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $447.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $447.0K |
| TOTAL LIABILITIES | $20M |
| Common Stock | $53M |
| Additional Paid-In Capital | $8M |
| Retained Earnings | $28M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $112M |
| Total Debt | $0 |
| Net Debt | -$17M |
