| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $15M | $20M | 8.5% | -17.9% |
| Op. Income | -$1M | -$1M | $1M | 7.1% | -217.7% |
| Gross Margin | 25.0% | 24.9% | 34.6% | 0.1pp | -9.6pp |
| Net Margin | -9.9% | -9.6% | 12.4% | -0.3pp | -22.3pp |
| EPS (Diluted) | $-0.21 | $-0.18 | $0.31 | -16.7% | -167.7% |
| Free Cash Flow | $218.2K | -$341.5K | -$988.8K | 163.9% | 122.1% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | -$14.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $280.6K |
| Other Income/Expenses | -$299.7K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $7.2K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $218.1K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $218.1K |
| Stock-Based Compensation | $91.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$837.7K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $373.7K |
| Capital Expenditure | -$155.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $218.9K |
| NET CASH FROM INVESTING | $63.4K |
| Net Debt Issuance | $564.4K |
| Common Stock Repurchased | -$107.7K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25.0K |
| NET CASH FROM FINANCING | $431.8K |
| FREE CASH FLOW | $218.2K |
| Net Change in Cash | $868.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $21M |
| Other Current Assets | $95.1K |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $539.2K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $405.5K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $40M |
| Account Payables | $5M |
| Short-Term Debt | $55.4K |
| Deferred Revenue | $34.8K |
| Other Current Liabilities | $75.0K |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $70.9K |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $15M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $40M |
| Total Debt | $11M |
| Net Debt | $10M |
