| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $130M | $110M | $117M | 18.4% | 11.0% |
| Op. Income | -$14M | -$4M | $10M | -260.6% | -242.6% |
| Gross Margin | 77.6% | 73.9% | 77.6% | 3.7pp | 0.0pp |
| Net Margin | -13.1% | -1.9% | 4.5% | -11.2pp | -17.6pp |
| EPS (Diluted) | $-0.13 | $-0.02 | $0.04 | -717.6% | -425.0% |
| Free Cash Flow | $3M | -$12M | $1M | 123.1% | 149.2% |
| Item | Amount |
|---|---|
| REVENUE | $130M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $101M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $23M |
| Operating Expenses | $115M |
| Cost & Expenses | $144M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $620.0K |
| Other Income/Expenses | -$648.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $4M |
| EBIT | -$14M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$54.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $106M |
| Inventory | $27M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $234M |
| PP&E (Net) | $127M |
| Goodwill | $29M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $34M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $209M |
| TOTAL ASSETS | $443M |
| Account Payables | $29M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $58M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $94M |
| TOTAL LIABILITIES | $180M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $324M |
| Retained Earnings | -$60M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $264M |
| Minority Interest | $0 |
| TOTAL EQUITY | $264M |
| TOTAL LIABILITIES & EQUITY | $443M |
| Total Debt | $113M |
| Net Debt | $23M |
