| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $129M | $144M | — | -10.4% | — |
| Op. Income | $2M | $44M | — | -94.9% | — |
| Gross Margin | 8.5% | 15.0% | — | -6.5pp | — |
| Net Margin | 1.0% | 24.4% | — | -23.4pp | — |
| EPS (Diluted) | $0.01 | $0.22 | — | -96.3% | — |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $11M |
| R&D Expenses | $343.0K |
| Selling & Marketing | $585.0K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $6M |
| Operating Expenses | $9M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $2M |
| Interest Income | $775.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$768.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $125.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $0 |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $11M |
| R&D Expenses | $343.0K |
| Selling & Marketing | $585.0K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $6M |
| Operating Expenses | $9M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $2M |
| Interest Income | $775.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$768.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $125.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $0 |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $571.0K |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $70M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $293M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $49M |
| Other Current Liabilities | $513.0K |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $102M |
| TOTAL NON-CURRENT LIABILITIES | $112M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $59M |
| Retained Earnings | $61M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $293M |
| Total Debt | $0 |
| Net Debt | -$48M |
