| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $7M | — | -79.5% |
| Op. Income | -$804.7K | — | -$2M | — | 63.1% |
| Gross Margin | 36.8% | — | -0.6% | — | 37.4pp |
| Net Margin | -24.6% | — | -40.9% | — | 16.3pp |
| EPS (Diluted) | $-0.02 | — | $-0.20 | — | 88.1% |
| Free Cash Flow | -$605.4K | — | $556.3K | — | -208.8% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $944.3K |
| GROSS PROFIT | $549.4K |
| R&D Expenses | $0 |
| Selling & Marketing | $127.6K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$804.7K |
| Interest Income | $37.4K |
| Interest Expense | $397.2K |
| Other Income/Expenses | $433.8K |
| INCOME BEFORE TAX | -$371.0K |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | -$367.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$367.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$367.0K |
| D&A | $46.9K |
| EBIT | -$804.7K |
| EBITDA | -$757.9K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$367.0K |
| Depreciation & Amortization | $46.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $653.2K |
| OPERATING CASH FLOW | -$605.4K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $4.8K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4.8K |
| NET CASH FROM INVESTING | $4.8K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | -$605.4K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $199.1K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $136.0K |
| Goodwill | $4M |
| Intangible Assets | $4M |
| Long-Term Investments | $15M |
| Tax Assets | $15M |
| Other Non-Current Assets | -$19M |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $41M |
| Account Payables | $2.4K |
| Short-Term Debt | $0 |
| Deferred Revenue | $551.0K |
| Other Current Liabilities | $680.9K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $3.3K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $15M |
| Common Stock | $3.1K |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $8M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $41M |
| Total Debt | $13M |
| Net Debt | -$7M |
