| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $8M | 49.0% | -75.7% |
| Op. Income | -$10M | -$15M | -$11M | 34.4% | 9.2% |
| Gross Margin | -2.7% | -11.7% | -5.2% | 9.0pp | 2.4pp |
| Net Margin | -1089.7% | -452.1% | -122.8% | -637.6pp | -966.9pp |
| EPS (Diluted) | $-0.25 | $-0.07 | $-0.12 | -258.3% | -112.5% |
| Free Cash Flow | -$18M | -$14M | -$21M | -31.4% | 13.3% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$52.6K |
| R&D Expenses | $0 |
| Selling & Marketing | $80.4K |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $5M |
| Operating Expenses | $10M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $320.8K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $2M |
| EBIT | -$16M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $120.6K |
| Deferred Income Tax | $320.8K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $146.2K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$87.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $4M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $466M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $512M |
| TOTAL ASSETS | $551M |
| Account Payables | $0 |
| Short-Term Debt | -$731 |
| Deferred Revenue | $41.7K |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $85M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $792M |
| Additional Paid-In Capital | $13M |
| Retained Earnings | -$400M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $9M |
| TOTAL STOCKHOLDERS' EQUITY | $405M |
| Minority Interest | $0 |
| TOTAL EQUITY | $405M |
| TOTAL LIABILITIES & EQUITY | $551M |
| Total Debt | $6M |
| Net Debt | -$19M |
