| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $33M | $32M | 12.1% | 17.6% |
| Op. Income | -$2M | -$2M | -$3M | -11.7% | 32.4% |
| Gross Margin | 40.6% | 42.7% | 43.8% | -2.1pp | -3.2pp |
| Net Margin | -7.0% | -5.7% | -8.3% | -1.3pp | 1.3pp |
| EPS (Diluted) | $-0.07 | $-0.05 | $-0.07 | -36.1% | 3.3% |
| Free Cash Flow | $5M | $7M | -$6M | -35.1% | 172.0% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $15M |
| R&D Expenses | $5M |
| Selling & Marketing | $553.0K |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $2M |
| Operating Expenses | $17M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $232.0K |
| Other Income/Expenses | -$255.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $580.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | $28.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $217.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$703.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$703.0K |
| Net Debt Issuance | -$824.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $43M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $15M |
| Goodwill | $28M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $589.0K |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $152M |
| Account Payables | $10M |
| Short-Term Debt | $3M |
| Deferred Revenue | $23M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $284.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $75M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $299M |
| Retained Earnings | -$223M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $371.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $152M |
| Total Debt | $29M |
| Net Debt | $7M |
