| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $32M | $20M | -60.4% | -38.1% |
| Op. Income | -$4M | $6M | -$5M | -165.0% | 21.1% |
| Gross Margin | 88.8% | 95.0% | 89.5% | -6.2pp | -0.8pp |
| Net Margin | -28.3% | 18.5% | -21.9% | -46.9pp | -6.4pp |
| EPS (Diluted) | $-0.12 | $0.19 | $-0.18 | -163.2% | 33.3% |
| Free Cash Flow | $5M | $1M | $7M | 331.4% | -28.5% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $12M |
| Operating Expenses | $15M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$4M |
| Interest Income | $105.0K |
| Interest Expense | $39.0K |
| Other Income/Expenses | $92.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$131.0K |
| 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 | $1M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$500.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$804.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $72.0K |
| NET CASH FROM INVESTING | -$732.0K |
| Net Debt Issuance | -$535.0K |
| Common Stock Repurchased | -$76.0K |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $265.0K |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $23M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $365.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $41M |
| Account Payables | $3M |
| Short-Term Debt | $133.0K |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $17M |
| Common Stock | $309.0K |
| Additional Paid-In Capital | $157M |
| Retained Earnings | -$131M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $41M |
| Total Debt | $5M |
| Net Debt | -$6M |
