Q2 2024 Earnings

Reported July 30, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q2 2024	Q1 2024	Q2 2023	QoQ Change	YoY Change
Revenue	$4M	$7M	—	-38.1%	—
Op. Income	-$13M	-$14M	—	8.6%	—
Gross Margin	-41.2%	-11.3%	—	-30.0pp	—
Net Margin	-325.7%	-216.9%	—	-108.8pp	—
EPS (Diluted)	$-0.17	$-0.18	—	5.6%	—

Income Statement

Item	Amount
REVENUE	$4M
Cost of Revenue	$6M
GROSS PROFIT	-$2M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$8M
Other Expenses	$0
Operating Expenses	$11M
Cost & Expenses	$17M
OPERATING INCOME	-$13M
Interest Income	$0
Interest Expense	$999.0K
Other Income/Expenses	-$769.0K
INCOME BEFORE TAX	-$14M
Income Tax Expense	-$402.0K
Net Income from Continuing Ops	-$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$13M
D&A	$2M
EBIT	-$12M
EBITDA	-$11M
EPS	-$0
EPS Diluted	-$0