| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $382.0K | — | $233.0K | — | 64.0% |
| Op. Income | -$2M | — | -$2M | — | -0.6% |
| Gross Margin | 93.9% | — | 37.2% | — | 56.7pp |
| Net Margin | -336.6% | — | -662.4% | — | 325.8pp |
| EPS (Diluted) | $-0.44 | — | $-0.51 | — | 13.7% |
| Free Cash Flow | -$1M | — | -$2M | — | 26.5% |
| Item | Amount |
|---|---|
| REVENUE | $382.0K |
| Cost of Revenue | $23.2K |
| GROSS PROFIT | $358.8K |
| R&D Expenses | $311.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $12.4K |
| Other Income/Expenses | $257.2K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$1.3K |
| 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 | $3.8K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $3.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1.3K |
| Other Non-Cash Items | -$216.4K |
| Change in Working Capital | $364.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$1.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.6K |
| Net Debt Issuance | -$90.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$793.8K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $134.9K |
| Inventory | $0 |
| Other Current Assets | $37.9K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $114.7K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.3K |
| TOTAL NON-CURRENT ASSETS | $119.0K |
| TOTAL ASSETS | $5M |
| Account Payables | $0 |
| Short-Term Debt | $851.1K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $496.2K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $419.7K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$45.2K |
| TOTAL NON-CURRENT LIABILITIES | $419.7K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $6M |
| Additional Paid-In Capital | $9M |
| Retained Earnings | -$12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $1M |
| Net Debt | -$3M |
