| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $20M | $26M | 101.4% | 53.9% |
| Op. Income | -$1M | -$1M | -$4M | 0.0% | 62.4% |
| Gross Margin | -1.0% | -1.0% | -0.4% | -0.0pp | -0.6pp |
| Net Margin | -0.9% | -6.6% | -14.0% | 5.7pp | 13.1pp |
| EPS (Diluted) | $-0.02 | $-0.06 | $-0.17 | 71.4% | 89.7% |
| Free Cash Flow | -$2M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $40M |
| GROSS PROFIT | -$399.1K |
| R&D Expenses | $73.9K |
| Selling & Marketing | $281.3K |
| General & Administrative | $865.4K |
| SG&A Expenses | $2M |
| Other Expenses | $1 |
| Operating Expenses | $2M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $184.3K |
| Other Income/Expenses | -$120.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $49.1K |
| Net Income from Continuing Ops | -$391.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $27.9K |
| NET INCOME | -$363.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$363.2K |
| D&A | $9.9K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $389.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$127.6K |
| Other Non-Cash Items | -$264.9K |
| Change in Working Capital | $460.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$84.7K |
| Acquisitions (Net) | $20.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$64.7K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.8K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$850.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $680.7K |
| Goodwill | $0 |
| Intangible Assets | $226.5K |
| Long-Term Investments | $0 |
| Tax Assets | $705.7K |
| Other Non-Current Assets | $198.7K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $14M |
| Account Payables | $9M |
| Short-Term Debt | $4M |
| Deferred Revenue | $381.6K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $143.2K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $9M |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$109.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | -$1M |
| TOTAL EQUITY | -$7M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $8M |
| Net Debt | $5M |
