| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $33M | $25M | 2.8% | 35.2% |
| Op. Income | -$3M | -$2M | -$4M | -51.4% | 20.9% |
| Gross Margin | 4.9% | 6.8% | 1.5% | -1.9pp | 3.4pp |
| Net Margin | -6.4% | -6.0% | -12.2% | -0.5pp | 5.8pp |
| EPS (Diluted) | $-0.37 | $-0.33 | $-0.52 | -12.1% | 28.8% |
| Free Cash Flow | -$1M | -$4M | -$81.0K | 72.8% | -1158.0% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$3M |
| Interest Income | $41.0K |
| Interest Expense | $278.0K |
| Other Income/Expenses | -$86.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$675.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$3M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $277.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$335.0K |
| OPERATING CASH FLOW | $37.0K |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$474.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$474.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $23M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $59M |
| PP&E (Net) | $93M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $98M |
| TOTAL ASSETS | $156M |
| Account Payables | $9M |
| Short-Term Debt | $5M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $899.0K |
| TOTAL NON-CURRENT LIABILITIES | $55M |
| TOTAL LIABILITIES | $77M |
| Common Stock | $93.0K |
| Additional Paid-In Capital | $33M |
| Retained Earnings | $69M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | $152.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $0 |
| TOTAL EQUITY | $79M |
| TOTAL LIABILITIES & EQUITY | $156M |
| Total Debt | $62M |
| Net Debt | $53M |
