| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | — | $3M | — | 91.2% |
| Op. Income | $4M | — | $2M | — | 153.2% |
| Gross Margin | 66.9% | — | 58.7% | — | 8.1pp |
| Net Margin | 61.5% | — | 49.7% | — | 11.8pp |
| EPS (Diluted) | $0.09 | — | $0.04 | — | 136.2% |
| Free Cash Flow | $647.5K | — | $2M | — | -71.9% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $138.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $199.5K |
| Other Expenses | $0 |
| Operating Expenses | $337.5K |
| Cost & Expenses | -$2M |
| OPERATING INCOME | $4M |
| Interest Income | $149.7K |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.9K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $0 |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $138.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $199.5K |
| Other Expenses | $0 |
| Operating Expenses | $337.5K |
| Cost & Expenses | -$2M |
| OPERATING INCOME | $4M |
| Interest Income | $149.7K |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.9K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $0 |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$149.3K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $647.5K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $149.3K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$124.1K |
| FREE CASH FLOW | $647.5K |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $177.0K |
| TOTAL NON-CURRENT ASSETS | $177.0K |
| TOTAL ASSETS | $19M |
| Account Payables | $479.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $527.8K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $527.8K |
| Common Stock | $14.2K |
| Additional Paid-In Capital | $3.8K |
| Retained Earnings | $18M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $0 |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $19M |
| Total Debt | $0 |
| Net Debt | -$10M |
