| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $92M | $77M | $106M | 19.0% | -13.3% |
| Op. Income | -$4M | -$6M | -$2M | 27.5% | -167.5% |
| Gross Margin | 45.5% | 42.3% | 44.7% | 3.3pp | 0.9pp |
| Net Margin | -11.7% | -7.4% | -2.4% | -4.3pp | -9.3pp |
| EPS (Diluted) | $-0.02 | $-0.01 | $-0.00 | -74.0% | -297.1% |
| Free Cash Flow | $3M | $6M | $4M | -49.5% | -23.6% |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $21M |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $46M |
| Cost & Expenses | $96M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $270.0K |
| Other Income/Expenses | $2.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$664.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$341.0K |
| NET CASH FROM INVESTING | -$664.0K |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$87.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$334.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $38M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $55M |
| PP&E (Net) | $32M |
| Goodwill | $35M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $90M |
| TOTAL ASSETS | $145M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $97M |
| Common Stock | $42.0K |
| Additional Paid-In Capital | $258M |
| Retained Earnings | -$210M |
| Treasury Stock | -$87.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $49M |
| Minority Interest | $0 |
| TOTAL EQUITY | $49M |
| TOTAL LIABILITIES & EQUITY | $145M |
| Total Debt | $28M |
| Net Debt | $26M |
