| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | — | $29M | — | 36.4% |
| Op. Income | $6M | — | $4M | — | 46.0% |
| Gross Margin | 27.4% | — | 22.9% | — | 4.5pp |
| Net Margin | 13.1% | — | 14.7% | — | -1.6pp |
| EPS (Diluted) | $0.31 | — | $0.26 | — | 19.2% |
| Free Cash Flow | $5M | — | -$3M | — | 282.8% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $11M |
| R&D Expenses | $116.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $33.1K |
| Other Income/Expenses | -$91.5K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $879.9K |
| 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 | $247.6K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $11M |
| R&D Expenses | $116.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $33.1K |
| Other Income/Expenses | -$91.5K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $879.9K |
| 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 | $247.6K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $247.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $112.1K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$430.0K |
| Acquisitions (Net) | $329.9K |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $113.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40.7K |
| NET CASH FROM FINANCING | $73.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $9M |
| Net Receivables | $27M |
| Inventory | $5M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $146.5K |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $363.9K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $63M |
| Account Payables | $7M |
| Short-Term Debt | $429.1K |
| Deferred Revenue | $908.2K |
| Other Current Liabilities | $705 |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $838.8K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $25M |
| Common Stock | $15.5K |
| Additional Paid-In Capital | $2M |
| Retained Earnings | $34M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $634.1K |
| Other Equity | -$15.5K |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $1M |
| TOTAL EQUITY | $38M |
| TOTAL LIABILITIES & EQUITY | $63M |
| Total Debt | $2M |
| Net Debt | -$5M |
