| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $6M | 12.1% | 20.7% |
| Op. Income | -$2M | -$1M | -$2M | -16.5% | 29.7% |
| Gross Margin | 7.4% | 7.0% | 7.9% | 0.4pp | -0.5pp |
| Net Margin | -45.4% | -28.8% | -40.3% | -16.6pp | -5.2pp |
| EPS (Diluted) | $-1.67 | $-1.12 | $-1.78 | -49.1% | 6.2% |
| Free Cash Flow | -$955.3K | -$1M | -$1M | 17.1% | 31.0% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $550.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $264.4K |
| Operating Expenses | $2M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $341.6K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $341.6K |
| Stock-Based Compensation | $104.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $230.0K |
| OPERATING CASH FLOW | -$955.3K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17.1K |
| NET CASH FROM INVESTING | -$17.1K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$955.3K |
| Net Change in Cash | $258.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $306.8K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $103.5K |
| Other Current Assets | $199.8K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $49.1K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $6M |
| Account Payables | $1M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $367.1K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $544.9K |
| TOTAL LIABILITIES | $10M |
| Common Stock | $240 |
| Additional Paid-In Capital | $46M |
| Retained Earnings | -$51M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $9M |
| Net Debt | $9M |
