| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | — | $34M | — | -56.3% |
| Op. Income | -$4M | — | -$5M | — | 25.4% |
| Gross Margin | 5.9% | — | 2.0% | — | 3.9pp |
| Net Margin | -31.0% | — | -14.5% | — | -16.4pp |
| EPS (Diluted) | $-75.00 | — | $-90.00 | — | 16.7% |
| Free Cash Flow | -$5M | — | -$4M | — | -3.4% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $890.4K |
| R&D Expenses | $965.2K |
| Selling & Marketing | $897.1K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | -$81.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$857.6K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $1M |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$75 |
| EPS Diluted | -$75 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $332.7K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$615.6K |
| Acquisitions (Net) | $455.5K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$263.4K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $988.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $893.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $13M |
| Other Current Assets | $372.3K |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $207.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $267.8K |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $51M |
| Account Payables | $5M |
| Short-Term Debt | $31M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $725.2K |
| TOTAL NON-CURRENT LIABILITIES | $725.2K |
| TOTAL LIABILITIES | $40M |
| Common Stock | $1.7K |
| Additional Paid-In Capital | $24M |
| Retained Earnings | -$12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $1M |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $31M |
| Net Debt | $29M |
