| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $41M | — | 15.2% | — |
| Op. Income | -$14M | -$22M | — | 36.6% | — |
| Gross Margin | 22.7% | 14.6% | — | 8.1pp | — |
| Net Margin | -27.4% | -49.4% | — | 22.1pp | — |
| EPS (Diluted) | $-0.26 | $-0.41 | — | 36.6% | — |
| Free Cash Flow | -$3M | -$641.0K | — | -380.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $20M |
| Operating Expenses | $25M |
| Cost & Expenses | $61M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $8M |
| EBIT | -$2M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $53.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $82.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$245.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $2M |
| Net Receivables | $5M |
| Inventory | $20M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $168M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $390M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $573M |
| TOTAL ASSETS | $645M |
| Account Payables | $25M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $117M |
| TOTAL LIABILITIES | $160M |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $485M |
| Minority Interest | $0 |
| TOTAL EQUITY | $485M |
| TOTAL LIABILITIES & EQUITY | $645M |
| Total Debt | $41M |
| Net Debt | $708.0K |
