| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $5M | $7M | 29.6% | -8.2% |
| Op. Income | -$28M | -$30M | -$32M | 7.4% | 11.9% |
| Gross Margin | -27.6% | -82.9% | -41.8% | 55.3pp | 14.2pp |
| Net Margin | -384.6% | -475.0% | -579.7% | 90.3pp | 195.1pp |
| EPS (Diluted) | $-0.12 | $-0.12 | $-0.20 | 0.0% | 40.0% |
| Free Cash Flow | -$28M | -$26M | -$20M | -6.3% | -37.8% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $8M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$28M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $28.0K |
| 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 | $3M |
| EBIT | -$28M |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $281.0K |
| Deferred Income Tax | $17.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$221.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$221.0K |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $34M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $151M |
| PP&E (Net) | $38M |
| Goodwill | $8M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $6.0K |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $205M |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $105.0K |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $342M |
| Retained Earnings | -$180M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$7.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $159M |
| Minority Interest | $0 |
| TOTAL EQUITY | $159M |
| TOTAL LIABILITIES & EQUITY | $205M |
| Total Debt | $1M |
| Net Debt | -$112M |
