Reported June 30, 2024
| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | — | $25M | — | 16.5% |
| Op. Income | $5M | — | $5M | — | -12.8% |
| Gross Margin | 34.3% | — | 38.5% | — | -4.2pp |
| Net Margin | 13.4% | — | 17.4% | — | -4.0pp |
| EPS (Diluted) | $0.16 | — | $0.16 | — | 0.0% |
| Free Cash Flow | $3M | — | $5M | — | -46.1% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $10M |
| R&D Expenses | $2M |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $5M |
| Interest Income | $66.3K |
| Interest Expense | $0 |
| Other Income/Expenses | $232.2K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $2.6K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $5M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $10M |
| R&D Expenses | $2M |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $5M |
| Interest Income | $66.3K |
| Interest Expense | $0 |
| Other Income/Expenses | $232.2K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $2.6K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $5M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $584 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$879.6K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$441.9K |
| NET CASH FROM FINANCING | -$441.9K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $11M |
| Net Receivables | $5M |
| Inventory | $11.8K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $29M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $150.9K |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $2M |
| Retained Earnings | -$20M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $828.0K |
| Other Equity | -$0 |
| TOTAL STOCKHOLDERS' EQUITY | -$17M |
| Minority Interest | $4M |
| TOTAL EQUITY | -$13M |
| TOTAL LIABILITIES & EQUITY | $29M |
| Total Debt | $945.1K |
| Net Debt | -$4M |