| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $28M | $24M | 2.7% | 21.2% |
| Op. Income | -$3M | -$255.0K | -$987.0K | -886.3% | -154.8% |
| Gross Margin | 28.0% | 29.5% | 41.6% | -1.6pp | -13.6pp |
| Net Margin | -26.6% | -1.9% | -14.5% | -24.7pp | -12.1pp |
| EPS (Diluted) | $-0.94 | $-0.06 | $-0.40 | -1494.9% | -134.1% |
| Free Cash Flow | -$2M | $594.0K | -$7M | -510.6% | 66.4% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $8M |
| R&D Expenses | $1M |
| Selling & Marketing | $2M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $452.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $780.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$21.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $628.0K |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | -$1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$558.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$575.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $2M |
| Other Current Assets | $205.0K |
| TOTAL CURRENT ASSETS | $26M |
| PP&E (Net) | $3M |
| Goodwill | $23M |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $157.0K |
| TOTAL NON-CURRENT ASSETS | $39M |
| TOTAL ASSETS | $65M |
| Account Payables | $11M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $880.0K |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $214M |
| Retained Earnings | -$234M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | -$1M |
| Minority Interest | $9M |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $65M |
| Total Debt | $9M |
| Net Debt | $5M |
