| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $58M | $85M | 24.2% | -15.1% |
| Op. Income | $5M | $2M | -$12M | 148.0% | 147.1% |
| Gross Margin | 12.0% | 8.6% | -10.1% | 3.4pp | 22.0pp |
| Net Margin | 13.2% | 7.4% | -11.6% | 5.8pp | 24.8pp |
| EPS (Diluted) | $0.22 | $0.10 | $-0.23 | 122.4% | 195.7% |
| Free Cash Flow | $25M | -$14M | -$12M | 271.2% | 302.1% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $9M |
| R&D Expenses | $916.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $5M |
| Interest Income | $2M |
| Interest Expense | $34.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $6.0K |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $2M |
| EBIT | $10M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $9M |
| R&D Expenses | $916.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $5M |
| Interest Income | $2M |
| Interest Expense | $34.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $6.0K |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $2M |
| EBIT | $10M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$544.0K |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$112M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$112M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | -$86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $30M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $184M |
| PP&E (Net) | $74M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $261M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $626.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $47M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $205M |
| Retained Earnings | $10M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $214M |
| Minority Interest | $0 |
| TOTAL EQUITY | $214M |
| TOTAL LIABILITIES & EQUITY | $261M |
| Total Debt | $184.0K |
| Net Debt | -$115M |
