| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $8M | $7M | 12.6% | 31.5% |
| Op. Income | -$14M | -$10M | -$19M | -34.6% | 28.5% |
| Gross Margin | 14.3% | 9.4% | 11.9% | 4.9pp | 2.4pp |
| Net Margin | -267.6% | -286.9% | -148.6% | 19.3pp | -118.9pp |
| EPS (Diluted) | $-3.00 | $-2.89 | $-1.35 | -3.8% | -122.2% |
| Free Cash Flow | -$29M | -$42M | -$52M | 31.4% | 44.3% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $1M |
| R&D Expenses | $5M |
| Selling & Marketing | $2M |
| General & Administrative | $7M |
| SG&A Expenses | $10M |
| Other Expenses | $1M |
| Operating Expenses | $15M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $4M |
| EBIT | -$13M |
| EBITDA | -$9M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4.0K |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $5M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $369M |
| Goodwill | $0 |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $411M |
| TOTAL ASSETS | $438M |
| Account Payables | $14M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $367M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $427M |
| TOTAL LIABILITIES | $471M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $320M |
| Retained Earnings | -$353M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$33M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$33M |
| TOTAL LIABILITIES & EQUITY | $438M |
| Total Debt | $424M |
| Net Debt | $414M |
