| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $513.0K | $2M | 135.7% | -29.1% |
| Op. Income | -$7M | -$8M | -$19M | 16.4% | 63.1% |
| Gross Margin | 100.0% | 1.6% | 77.2% | 98.4pp | 22.8pp |
| Net Margin | -580.3% | -1620.5% | -1104.7% | 1040.2pp | 524.4pp |
| EPS (Diluted) | $-7.14 | $-44.88 | $-166.77 | 84.1% | 95.7% |
| Free Cash Flow | -$1M | -$5M | -$15M | 78.8% | 92.3% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $3M |
| Selling & Marketing | $5M |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$7M |
| Interest Income | $4.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$52.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $501.0K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$13 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $508.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $55.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$1.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.0K |
| Net Debt Issuance | $350.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $350.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$772.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $897.0K |
| Short-Term Investments | $0 |
| Net Receivables | $423.0K |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $279.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $951.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $15M |
| Account Payables | $4M |
| Short-Term Debt | $350.0K |
| Deferred Revenue | $495.0K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $618.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $505.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $17M |
| Common Stock | $0 |
| Additional Paid-In Capital | $387M |
| Retained Earnings | -$388M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $6M |
| Net Debt | $5M |
