| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $14M | — | -4.7% | — |
| Op. Income | -$12M | -$27M | — | 54.8% | — |
| Gross Margin | 33.2% | 25.3% | — | 7.9pp | — |
| Net Margin | -147.7% | -236.3% | — | 88.5pp | — |
| EPS (Diluted) | $-24.31 | $-42.36 | — | 42.6% | — |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $4M |
| R&D Expenses | $2M |
| Selling & Marketing | $8M |
| General & Administrative | $9M |
| SG&A Expenses | $16M |
| Other Expenses | -$1M |
| Operating Expenses | $17M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $445.1K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$24 |
| EPS Diluted | -$24 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $36M |
| Net Receivables | $51M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $151M |
| PP&E (Net) | $2M |
| Goodwill | $6M |
| Intangible Assets | $2M |
| Long-Term Investments | $30M |
| Tax Assets | $0 |
| Other Non-Current Assets | $801.0K |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $191M |
| Account Payables | $25M |
| Short-Term Debt | $86M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $81M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $403.1K |
| Other Non-Current Liabilities | $403.1K |
| TOTAL NON-CURRENT LIABILITIES | $82M |
| TOTAL LIABILITIES | $227M |
| Common Stock | $26M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | -$37M |
| Minority Interest | $2M |
| TOTAL EQUITY | -$35M |
| TOTAL LIABILITIES & EQUITY | $191M |
| Total Debt | $168M |
| Net Debt | $142M |
