| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $16M | $14M | -28.0% | -20.0% |
| Op. Income | -$890.0K | $4M | $1M | -120.9% | -174.0% |
| Gross Margin | 11.1% | 36.8% | 18.8% | -25.8pp | -7.7pp |
| Net Margin | -7.1% | 24.8% | 8.4% | -31.9pp | -15.4pp |
| EPS (Diluted) | $-0.04 | $0.20 | $0.09 | -120.0% | -146.3% |
| Free Cash Flow | $3M | -$1M | -$2M | 321.6% | 233.6% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $524.0K |
| SG&A Expenses | $524.0K |
| Other Expenses | $2M |
| Operating Expenses | $2M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$890.0K |
| Interest Income | $14M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$890.0K |
| Income Tax Expense | -$75.0K |
| Net Income from Continuing Ops | -$815.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$815.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$815.0K |
| D&A | $0 |
| EBIT | -$890.0K |
| EBITDA | -$890.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$815.0K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $71.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $948.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$402M |
| Sales/Maturities of Investments | $524M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | $103M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $0 |
| Net Receivables | $81M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $199M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $717M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $734M |
| TOTAL ASSETS | $933M |
| Account Payables | $148M |
| Short-Term Debt | $579M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $728M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $59M |
| TOTAL NON-CURRENT LIABILITIES | $59M |
| TOTAL LIABILITIES | $787M |
| Common Stock | $211.0K |
| Additional Paid-In Capital | $291M |
| Retained Earnings | -$145M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $146M |
| Minority Interest | $0 |
| TOTAL EQUITY | $146M |
| TOTAL LIABILITIES & EQUITY | $933M |
| Total Debt | $579M |
| Net Debt | $460M |
