| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $43M | $61M | 6.8% | -23.9% |
| Op. Income | -$6M | -$9M | -$11M | 39.1% | 46.3% |
| Gross Margin | 21.1% | 14.6% | 22.2% | 6.5pp | -1.1pp |
| Net Margin | -28.0% | -35.5% | -6.5% | 7.5pp | -21.5pp |
| EPS (Diluted) | $-0.34 | $-0.40 | $-0.09 | 15.0% | -277.8% |
| Free Cash Flow | -$2M | -$5M | -$11M | 54.7% | 81.1% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $10M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$6M |
| Interest Income | $2M |
| Interest Expense | $487.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | -$11M |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $4M |
| EBIT | -$7M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$150.0K |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$151.0K |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $30M |
| Net Receivables | $35M |
| Inventory | $37M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $254M |
| PP&E (Net) | $93M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $45M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $158M |
| TOTAL ASSETS | $413M |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $56M |
| TOTAL LIABILITIES | $107M |
| Common Stock | $569.0K |
| Additional Paid-In Capital | $275M |
| Retained Earnings | $270M |
| Treasury Stock | -$220M |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $306M |
| Minority Interest | $0 |
| TOTAL EQUITY | $306M |
| TOTAL LIABILITIES & EQUITY | $413M |
| Total Debt | $33M |
| Net Debt | -$99M |
