| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $2M | — | -27.6% |
| Op. Income | -$998.1K | — | -$204.2K | — | -388.8% |
| Gross Margin | 26.9% | — | 39.3% | — | -12.4pp |
| Net Margin | -64.1% | — | -31.4% | — | -32.7pp |
| EPS (Diluted) | $-0.20 | — | $-0.14 | — | -43.2% |
| Free Cash Flow | $0 | — | -$320.1K | — | 100.0% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $441.8K |
| R&D Expenses | $308.6K |
| Selling & Marketing | $279.9K |
| General & Administrative | $749.5K |
| SG&A Expenses | $1M |
| Other Expenses | $101.9K |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$998.1K |
| Interest Income | $0 |
| Interest Expense | $14.7K |
| Other Income/Expenses | $73.3K |
| INCOME BEFORE TAX | -$924.7K |
| Income Tax Expense | $126.1K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $62.6K |
| EBIT | -$998.1K |
| EBITDA | -$935.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $567.2K |
| Short-Term Investments | $0 |
| Net Receivables | $399.4K |
| Inventory | $0 |
| Other Current Assets | $169.5K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $53.3K |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $17.1K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $2M |
| Account Payables | $328.1K |
| Short-Term Debt | $196.7K |
| Deferred Revenue | $713.7K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $294.9K |
| Deferred Revenue NC | $3.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $297.9K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $2M |
| Retained Earnings | -$2M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $31.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $558.2K |
| Minority Interest | $0 |
| TOTAL EQUITY | $558.2K |
| TOTAL LIABILITIES & EQUITY | $2M |
| Total Debt | $536.2K |
| Net Debt | -$31.0K |
