| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | — | $4M | — | 182.1% |
| Op. Income | -$28M | — | -$30M | — | 6.8% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -235.5% | — | -853.3% | — | 617.8pp |
| EPS (Diluted) | $-0.54 | — | $-0.94 | — | 42.5% |
| Free Cash Flow | -$7M | — | -$21M | — | 64.1% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $11M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $157.8K |
| Operating Expenses | $39M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $168.4K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $919.0K |
| EBIT | -$27M |
| EBITDA | -$27M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $919.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$571.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12.9K |
| NET CASH FROM INVESTING | -$584.6K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$712.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $10.5K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $541.3K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $101M |
| Account Payables | $6M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $48M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $127M |
| Common Stock | $2M |
| Additional Paid-In Capital | $366M |
| Retained Earnings | -$393M |
| Treasury Stock | -$266.6K |
| Accum. Other Comp. Income | $859.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$25M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$25M |
| TOTAL LIABILITIES & EQUITY | $101M |
| Total Debt | $57M |
| Net Debt | -$20M |
