| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $36M | $37M | 2.1% | -0.6% |
| Op. Income | $6M | $2M | -$563.4K | 217.0% | 1115.3% |
| Gross Margin | 61.0% | 28.1% | 23.6% | 32.9pp | 37.4pp |
| Net Margin | 12.4% | 4.0% | -1.4% | 8.4pp | 13.8pp |
| EPS (Diluted) | $0.37 | $0.12 | $-0.05 | 208.3% | 862.9% |
| Free Cash Flow | $7M | $6M | -$14M | 19.1% | 147.0% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $17M |
| Operating Expenses | $17M |
| Cost & Expenses | $31M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $989.7K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $619.9K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $17M |
| Operating Expenses | $17M |
| Cost & Expenses | $31M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $989.7K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $619.9K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $619.9K |
| Stock-Based Compensation | $281.4K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $274.7K |
| Change in Working Capital | $220.5K |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$497.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$286.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2.0K |
| NET CASH FROM FINANCING | -$120.1K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $98M |
| Net Receivables | $81M |
| Inventory | $0 |
| Other Current Assets | -$192M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $179M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$189M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $320M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$10M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$35M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $279M |
| Common Stock | $125.4K |
| Additional Paid-In Capital | $76M |
| Retained Earnings | -$17M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $41M |
| Minority Interest | $0 |
| TOTAL EQUITY | $41M |
| TOTAL LIABILITIES & EQUITY | $320M |
| Total Debt | $25M |
| Net Debt | $13M |
