| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $20M | $21M | 5.2% | 0.4% |
| Op. Income | $8M | $7M | $8M | 8.3% | 0.5% |
| Gross Margin | 94.3% | 95.7% | 95.8% | -1.4pp | -1.5pp |
| Net Margin | -3.9% | 67.0% | 37.0% | -70.9pp | -40.9pp |
| EPS (Diluted) | $-0.19 | $0.21 | $0.22 | -190.5% | -186.4% |
| Free Cash Flow | $15M | $2M | $15M | 676.1% | 0.2% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $9M |
| Operating Expenses | $12M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$823.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$823.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$823.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $9M |
| EBIT | $5M |
| EBITDA | $14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$823.0K |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$841.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$841.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $50M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $11M |
| Short-Term Debt | $200.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $549M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $630M |
| TOTAL LIABILITIES | $644M |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $853M |
| Retained Earnings | -$153M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $708M |
| Minority Interest | $0 |
| TOTAL EQUITY | $708M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $549M |
| Net Debt | $500M |
