| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $34M | $39M | -0.7% | -14.4% |
| Op. Income | $219.0K | -$2M | -$10M | 112.2% | 102.3% |
| Gross Margin | 56.9% | 56.5% | 56.5% | 0.3pp | 0.4pp |
| Net Margin | -8.3% | -11.3% | -29.1% | 3.0pp | 20.8pp |
| EPS (Diluted) | $-0.03 | $-0.04 | $-0.14 | 28.2% | 77.2% |
| Free Cash Flow | $7M | $642.0K | -$1M | 1033.8% | 801.3% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $19M |
| R&D Expenses | $6M |
| Selling & Marketing | $3M |
| General & Administrative | $9M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $219.0K |
| Interest Income | $0 |
| Interest Expense | $260.0K |
| Other Income/Expenses | -$260.0K |
| INCOME BEFORE TAX | -$41.0K |
| Income Tax Expense | $3M |
| 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 | $2M |
| EBIT | $219.0K |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$21.0K |
| Other Non-Cash Items | $354.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$70.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$49.0K |
| NET CASH FROM FINANCING | $971.0K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $156M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $487.0K |
| Other Non-Current Assets | $924.0K |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $193M |
| Account Payables | $1M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $79M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $261M |
| Retained Earnings | -$147M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $114M |
| Minority Interest | $0 |
| TOTAL EQUITY | $114M |
| TOTAL LIABILITIES & EQUITY | $193M |
| Total Debt | $29M |
| Net Debt | -$24M |
