| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $10M | $8M | 3.7% | 32.7% |
| Op. Income | $1M | $730.0K | -$767.0K | 95.9% | 286.4% |
| Gross Margin | 45.3% | 40.8% | 34.9% | 4.4pp | 10.4pp |
| Net Margin | 8.0% | 9.9% | -19.8% | -1.9pp | 27.7pp |
| EPS (Diluted) | $-0.11 | $0.01 | $-1.08 | -2300.0% | 89.8% |
| Free Cash Flow | $978.0K | -$5M | -$535.0K | 120.3% | 282.8% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $5M |
| R&D Expenses | $328.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $9M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $40.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $672.0K |
| Net Income from Continuing Ops | $798.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $798.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$149.0K |
| D&A | $236.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $5M |
| R&D Expenses | $328.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $9M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $40.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $672.0K |
| Net Income from Continuing Ops | $798.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $798.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$149.0K |
| D&A | $236.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $798.0K |
| Depreciation & Amortization | $236.0K |
| Stock-Based Compensation | $47.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22.0K |
| Change in Working Capital | -$45.0K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$80.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$80.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $978.0K |
| Net Change in Cash | $980.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $19M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $122.0K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $38M |
| Account Payables | $4M |
| Short-Term Debt | $747.0K |
| Deferred Revenue | $3M |
| Other Current Liabilities | -$747.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $985.0K |
| TOTAL LIABILITIES | $13M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $113M |
| Retained Earnings | -$127M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $34.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $38M |
| Total Debt | $2M |
| Net Debt | -$172.0K |
