| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $925.0K | $0 | $0 | — | — |
| Op. Income | -$20M | -$19M | -$13M | -7.2% | -59.8% |
| Gross Margin | 11.7% | — | — | — | — |
| Net Margin | -1999.1% | — | — | — | — |
| EPS (Diluted) | $-1.09 | $-1.00 | $-0.21 | -9.0% | -419.0% |
| Free Cash Flow | -$16M | -$22M | -$9M | 24.7% | -73.8% |
| Item | Amount |
|---|---|
| REVENUE | $925.0K |
| Cost of Revenue | $817.0K |
| GROSS PROFIT | $108.0K |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$817.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$20M |
| Interest Income | $2M |
| Interest Expense | $4.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $817.0K |
| EBIT | -$18M |
| EBITDA | -$18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $817.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $580.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$460.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | -$42M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$16.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7.4K |
| NET CASH FROM FINANCING | $399.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $43M |
| Net Receivables | $647.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $159M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $339.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $794.0K |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $180M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $768.0K |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $25M |
| Common Stock | $0 |
| Additional Paid-In Capital | $378M |
| Retained Earnings | -$223M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $155M |
| Minority Interest | $0 |
| TOTAL EQUITY | $155M |
| TOTAL LIABILITIES & EQUITY | $180M |
| Total Debt | $14M |
| Net Debt | -$97M |
