| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | — | $3M | — | 21.7% |
| Op. Income | -$4M | — | -$3M | — | -29.9% |
| Gross Margin | 52.3% | — | 72.7% | — | -20.4pp |
| Net Margin | -77.1% | — | -78.9% | — | 1.8pp |
| EPS (Diluted) | $-4.16 | — | $-3.84 | — | -8.3% |
| Free Cash Flow | -$10M | — | -$4M | — | -131.7% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$4M |
| Interest Income | $19.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $513.5K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$113.1K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $227.3K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $227.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$118.3K |
| Other Non-Cash Items | $333.6K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$8.4K |
| Acquisitions (Net) | $757.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $587.0K |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $45.0K |
| Other Current Assets | $338.7K |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $2M |
| Goodwill | $3M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $20M |
| Account Payables | $3M |
| Short-Term Debt | $410.0K |
| Deferred Revenue | $3M |
| Other Current Liabilities | $140.0K |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $706.2K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $20.3K |
| Additional Paid-In Capital | $19M |
| Retained Earnings | -$12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $6M |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $20M |
| Total Debt | $1M |
| Net Debt | $653.9K |
