| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $182.0K | $135.0K | $256.0K | 34.8% | -28.9% |
| Op. Income | -$3M | -$3M | -$3M | 4.3% | -1.6% |
| Gross Margin | 35.2% | 8.9% | 13.3% | 26.3pp | 21.9pp |
| Net Margin | -885.7% | -1863.7% | -643.8% | 978.0pp | -242.0pp |
| EPS (Diluted) | $-0.64 | $-1.54 | $-1.46 | 58.4% | 56.2% |
| Free Cash Flow | -$3M | -$3M | -$3M | 3.8% | -5.5% |
| Item | Amount |
|---|---|
| REVENUE | $182.0K |
| Cost of Revenue | $118.0K |
| GROSS PROFIT | $64.0K |
| R&D Expenses | $870.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $7.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $5.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| 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 | $16.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $16.0K |
| Stock-Based Compensation | $366.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$82.0K |
| OPERATING CASH FLOW | -$3M |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $659.0K |
| Inventory | $1M |
| Other Current Assets | $7.0K |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $196.0K |
| Goodwill | $0 |
| Intangible Assets | $9.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.0K |
| TOTAL NON-CURRENT ASSETS | $212.0K |
| TOTAL ASSETS | $9M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41.0K |
| Other Current Liabilities | $474.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $103.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $347.0K |
| TOTAL NON-CURRENT LIABILITIES | $450.0K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $171M |
| Retained Earnings | -$164M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$245.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $35.0K |
| Net Debt | -$6M |
