| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $25M | $29M | -5.8% | -19.7% |
| Op. Income | -$2M | -$2M | $796.0K | 9.2% | -359.9% |
| Gross Margin | 57.2% | 60.3% | 58.0% | -3.0pp | -0.7pp |
| Net Margin | -12.7% | -19.1% | -3.4% | 6.5pp | -9.3pp |
| EPS (Diluted) | $-0.67 | $-1.10 | $-0.23 | 38.8% | -191.3% |
| Free Cash Flow | -$2M | $683.0K | $3M | -343.6% | -154.8% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $13M |
| R&D Expenses | $3M |
| Selling & Marketing | $5M |
| General & Administrative | $6M |
| SG&A Expenses | $11M |
| Other Expenses | $2M |
| Operating Expenses | $15M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $749.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$353.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$3M |
| EBITDA | -$730.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $229.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$846.0K |
| Capital Expenditure | -$818.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $458.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12.0K |
| NET CASH FROM FINANCING | $177.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$207.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $25M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $9M |
| Goodwill | $57M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $82M |
| TOTAL ASSETS | $129M |
| Account Payables | $6M |
| Short-Term Debt | $4M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $764.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $436.0K |
| Additional Paid-In Capital | $235M |
| Retained Earnings | -$153M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $67M |
| Minority Interest | $0 |
| TOTAL EQUITY | $67M |
| TOTAL LIABILITIES & EQUITY | $129M |
| Total Debt | $41M |
| Net Debt | $37M |
