| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $27M | $29M | 3.2% | -4.7% |
| Op. Income | -$11M | -$12M | -$8M | 4.9% | -39.7% |
| Gross Margin | -2.4% | 18.4% | 24.8% | -20.8pp | -27.2pp |
| Net Margin | -72.0% | -43.2% | -19.0% | -28.8pp | -53.0pp |
| EPS (Diluted) | $-0.22 | $-0.14 | $-0.07 | -57.9% | -214.5% |
| Free Cash Flow | -$6M | $5M | -$18M | -241.3% | 65.6% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $28M |
| GROSS PROFIT | -$663.5K |
| R&D Expenses | $2M |
| Selling & Marketing | $4M |
| General & Administrative | $11M |
| SG&A Expenses | $15M |
| Other Expenses | -$63.6K |
| Operating Expenses | $17M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $47.5K |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$21.9K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $2M |
| EBIT | -$20M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$21.9K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$325.2K |
| Acquisitions (Net) | $11.7K |
| Purchases of Investments | -$586.1K |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$173.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $586.1K |
| Net Receivables | $21M |
| Inventory | $61M |
| Other Current Assets | $381.5K |
| TOTAL CURRENT ASSETS | $142M |
| PP&E (Net) | $71M |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $754.9K |
| TOTAL NON-CURRENT ASSETS | $100M |
| TOTAL ASSETS | $242M |
| Account Payables | $29M |
| Short-Term Debt | $48.2K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $38.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $44M |
| Common Stock | $597M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$425M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $199M |
| Minority Interest | $0 |
| TOTAL EQUITY | $199M |
| TOTAL LIABILITIES & EQUITY | $242M |
| Total Debt | $86.2K |
| Net Debt | -$52M |
