| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | — | $13M | — | 55.3% |
| Op. Income | $6M | — | $675.4K | — | 771.5% |
| Gross Margin | 59.3% | — | 39.2% | — | 20.1pp |
| Net Margin | 51.8% | — | 4.1% | — | 47.7pp |
| EPS (Diluted) | $0.36 | — | $0.02 | — | 1673.4% |
| Free Cash Flow | -$12M | — | -$3M | — | -283.7% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $12M |
| R&D Expenses | $839.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $823.9K |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $6M |
| Interest Income | $204.3K |
| Interest Expense | $117.9K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $2M |
| 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 | $13M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $12M |
| R&D Expenses | $839.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $823.9K |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $6M |
| Interest Income | $204.3K |
| Interest Expense | $117.9K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $2M |
| 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 | $13M |
| EBITDA | $15M |
| 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 | -$8M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$277.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$510.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $198.5K |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $795.0K |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $578.3K |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $984.3K |
| Goodwill | $0 |
| Intangible Assets | $29M |
| Long-Term Investments | $277.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $50M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $57 |
| Additional Paid-In Capital | $23M |
| Retained Earnings | $16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $508.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39M |
| Minority Interest | -$142.0K |
| TOTAL EQUITY | $39M |
| TOTAL LIABILITIES & EQUITY | $50M |
| Total Debt | $3M |
| Net Debt | -$5M |
