| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $2M | — | -17.6% |
| Op. Income | -$775.0K | — | -$2M | — | 68.1% |
| Gross Margin | 11.0% | — | 13.6% | — | -2.5pp |
| Net Margin | -63.5% | — | -125.4% | — | 61.9pp |
| EPS (Diluted) | $-7.06 | — | $-30.64 | — | 77.0% |
| Free Cash Flow | -$491.8K | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $193.1K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $968.1K |
| Other Expenses | $0 |
| Operating Expenses | $968.1K |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$775.0K |
| Interest Income | $85.5K |
| Interest Expense | $49.1K |
| Other Income/Expenses | -$110.6K |
| INCOME BEFORE TAX | -$885.6K |
| Income Tax Expense | $225.0K |
| 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 | $95.1K |
| EBIT | -$775.0K |
| EBITDA | -$679.8K |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $95.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $226.1K |
| Other Non-Cash Items | -$51.3K |
| Change in Working Capital | $348.8K |
| OPERATING CASH FLOW | -$491.8K |
| 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 | $332.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17.6K |
| NET CASH FROM FINANCING | $314.9K |
| FREE CASH FLOW | -$491.8K |
| Net Change in Cash | -$479.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $459.3K |
| Short-Term Investments | $119.7K |
| Net Receivables | $100.5K |
| Inventory | $2M |
| Other Current Assets | $246.3K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $260.7K |
| Goodwill | $718.9K |
| Intangible Assets | $209.0K |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $6M |
| Account Payables | $536.5K |
| Short-Term Debt | $482.5K |
| Deferred Revenue | $247.0K |
| Other Current Liabilities | $7.5K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14.0K |
| TOTAL NON-CURRENT LIABILITIES | $104.1K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $1.2K |
| Additional Paid-In Capital | $12M |
| Retained Earnings | -$7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $35.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $572.6K |
| Net Debt | $113.3K |
