| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $8M | $12M | 13.9% | -24.4% |
| Op. Income | -$3M | -$800.0K | $4M | -266.9% | -175.6% |
| Gross Margin | 62.0% | 62.9% | 80.7% | -0.9pp | -18.7pp |
| Net Margin | -33.5% | -10.2% | 38.0% | -23.3pp | -71.5pp |
| EPS (Diluted) | $-0.12 | $-0.03 | $0.18 | -281.0% | -166.7% |
| Free Cash Flow | $1M | -$4M | $7M | 128.8% | -82.3% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $6M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $52.0K |
| Other Income/Expenses | -$52.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $54.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $279.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $261.0K |
| Stock-Based Compensation | $840.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $59.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$385.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$216.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $2M |
| Other Current Assets | $799.0K |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $255.0K |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $32M |
| Account Payables | $2M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $145.0K |
| TOTAL LIABILITIES | $18M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $121M |
| Retained Earnings | -$108M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $0 |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $32M |
| Total Debt | $5M |
| Net Debt | -$13M |
