| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $4M | -7.2% | -28.4% |
| Op. Income | -$313.0K | -$751.0K | $406.0K | 58.3% | -177.1% |
| Gross Margin | 37.2% | 32.8% | 50.9% | 4.5pp | -13.7pp |
| Net Margin | -10.6% | -23.7% | 9.4% | 13.1pp | -20.0pp |
| EPS (Diluted) | $-0.03 | $-0.08 | $0.04 | 58.6% | -180.8% |
| Free Cash Flow | -$300.0K | $204.0K | $353.0K | -247.1% | -185.0% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $284.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$313.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $16.0K |
| INCOME BEFORE TAX | -$297.0K |
| Income Tax Expense | $10.0K |
| Net Income from Continuing Ops | -$307.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$307.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$407.0K |
| D&A | $226.0K |
| EBIT | -$313.0K |
| EBITDA | -$87.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$307.0K |
| Depreciation & Amortization | $226.0K |
| Stock-Based Compensation | $5.0K |
| Deferred Income Tax | -$47.0K |
| Other Non-Cash Items | $23.0K |
| Change in Working Capital | -$198.0K |
| OPERATING CASH FLOW | -$298.0K |
| Capital Expenditure | -$2.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$100.0K |
| FREE CASH FLOW | -$300.0K |
| Net Change in Cash | -$407.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $3M |
| Other Current Assets | $303.0K |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $1M |
| Goodwill | $2M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $86.0K |
| Other Non-Current Assets | $103.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $14M |
| Account Payables | $360.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $164.0K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $540.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $3M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $62M |
| Retained Earnings | -$51M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $84.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | $0 |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $851.0K |
| Net Debt | -$3M |
