| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $54M | $48M | $64M | 11.8% | -16.3% |
| Op. Income | -$7M | -$9M | -$6M | 30.9% | -3.3% |
| Gross Margin | 26.9% | 25.8% | 26.8% | 1.1pp | 0.1pp |
| Net Margin | -11.0% | -18.5% | -8.9% | 7.4pp | -2.1pp |
| EPS (Diluted) | $-0.10 | $-0.14 | $-0.09 | 30.6% | -4.2% |
| Free Cash Flow | -$1M | -$4M | $2M | 64.5% | -176.6% |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $14M |
| Operating Expenses | $21M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$7M |
| Interest Income | $737.0K |
| Interest Expense | $14.0K |
| Other Income/Expenses | $713.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $95.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $4M |
| EBIT | -$6M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $654.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$249.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$368.0K |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $66.0K |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | -$30.0K |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $28M |
| Net Receivables | $11M |
| Inventory | $61M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $135M |
| PP&E (Net) | $63M |
| Goodwill | $8M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $844.0K |
| TOTAL NON-CURRENT ASSETS | $85M |
| TOTAL ASSETS | $219M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $317.0K |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $61.0K |
| Additional Paid-In Capital | $375M |
| Retained Earnings | -$217M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $156M |
| Minority Interest | $0 |
| TOTAL EQUITY | $156M |
| TOTAL LIABILITIES & EQUITY | $219M |
| Total Debt | $41M |
| Net Debt | $14M |
