| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $4M | $9M | -27.4% | -65.0% |
| Op. Income | -$1M | -$2M | -$2M | 19.3% | 13.6% |
| Gross Margin | 12.2% | 11.6% | 13.4% | 0.6pp | -1.2pp |
| Net Margin | -50.6% | -45.3% | -20.9% | -5.3pp | -29.7pp |
| EPS (Diluted) | $-4243.38 | $-6243.94 | $-6310.42 | 32.0% | 32.8% |
| Free Cash Flow | -$935.0K | -$50.0K | -$1M | -1770.0% | 23.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $364.0K |
| R&D Expenses | $207.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $131.0K |
| Other Income/Expenses | -$131.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $534.0K |
| EBIT | -$1M |
| EBITDA | -$844.0K |
| EPS | -$4.2K |
| EPS Diluted | -$4.2K |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $534.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $134.0K |
| Change in Working Capital | -$93.0K |
| OPERATING CASH FLOW | -$935.0K |
| 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 | -$293.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $663.0K |
| FREE CASH FLOW | -$935.0K |
| Net Change in Cash | -$272.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29.0K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $299.0K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $24.0K |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $363.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $6M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $500.0K |
| TOTAL NON-CURRENT LIABILITIES | $500.0K |
| TOTAL LIABILITIES | $7M |
| Common Stock | $0 |
| Additional Paid-In Capital | $28M |
| Retained Earnings | -$28M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$646.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | -$646.0K |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $2M |
| Net Debt | $2M |
