| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $677.0K | $776.7K | $1M | -12.8% | -32.4% |
| Op. Income | -$401.1K | -$561.8K | -$2M | 28.6% | 80.3% |
| Gross Margin | 14.6% | -14.2% | -93.7% | 28.8pp | 108.3pp |
| Net Margin | -65.2% | -74.3% | -205.5% | 9.0pp | 140.2pp |
| EPS (Diluted) | $-0.35 | $-0.45 | $-2.00 | 22.2% | 82.5% |
| Free Cash Flow | -$706.1K | -$852.0K | -$675.8K | 17.1% | -4.5% |
| Item | Amount |
|---|---|
| REVENUE | $677.0K |
| Cost of Revenue | $578.1K |
| GROSS PROFIT | $98.9K |
| R&D Expenses | $97.2K |
| Selling & Marketing | $51.2K |
| General & Administrative | $666.3K |
| SG&A Expenses | $717.5K |
| Other Expenses | -$314.7K |
| Operating Expenses | $500.0K |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$401.1K |
| Interest Income | $0 |
| Interest Expense | $40.6K |
| Other Income/Expenses | -$40.6K |
| INCOME BEFORE TAX | -$441.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$441.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$441.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$441.7K |
| D&A | $256.8K |
| EBIT | -$401.1K |
| EBITDA | -$144.3K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$441.7K |
| Depreciation & Amortization | $256.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19.0K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$203.9K |
| Capital Expenditure | -$502.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $28.6K |
| NET CASH FROM INVESTING | -$473.7K |
| Net Debt Issuance | -$12.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$32.8K |
| NET CASH FROM FINANCING | -$44.8K |
| FREE CASH FLOW | -$706.1K |
| Net Change in Cash | -$748.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $517.4K |
| Short-Term Investments | $0 |
| Net Receivables | $620.2K |
| Inventory | $0 |
| Other Current Assets | $324.0K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $418.6K |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $5M |
| Account Payables | $920.7K |
| Short-Term Debt | $194.0K |
| Deferred Revenue | $99.4K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $88.6K |
| TOTAL NON-CURRENT LIABILITIES | $281.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $34M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $472.3K |
| Net Debt | -$45.1K |
