| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | — | $11M | — | 11.6% |
| Op. Income | $777.0K | — | $1M | — | -31.7% |
| Gross Margin | 22.3% | — | 23.2% | — | -1.0pp |
| Net Margin | 4.0% | — | 7.8% | — | -3.8pp |
| EPS (Diluted) | $0.14 | — | $0.24 | — | -41.7% |
| Free Cash Flow | $77.0K | — | -$904.0K | — | 108.5% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $3M |
| R&D Expenses | $788.0K |
| Selling & Marketing | $37.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $777.0K |
| Interest Income | $22.0K |
| Interest Expense | $139.0K |
| Other Income/Expenses | -$157.0K |
| INCOME BEFORE TAX | $620.0K |
| Income Tax Expense | $120.0K |
| Net Income from Continuing Ops | $500.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $500.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $500.0K |
| D&A | $286.0K |
| EBIT | $759.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $3M |
| R&D Expenses | $788.0K |
| Selling & Marketing | $37.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $777.0K |
| Interest Income | $22.0K |
| Interest Expense | $139.0K |
| Other Income/Expenses | -$157.0K |
| INCOME BEFORE TAX | $620.0K |
| Income Tax Expense | $120.0K |
| Net Income from Continuing Ops | $500.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $500.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $500.0K |
| D&A | $286.0K |
| EBIT | $759.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $500.0K |
| Depreciation & Amortization | $286.0K |
| Stock-Based Compensation | $197.0K |
| Deferred Income Tax | $40.0K |
| Other Non-Cash Items | -$9.0K |
| Change in Working Capital | -$304.0K |
| OPERATING CASH FLOW | $710.0K |
| Capital Expenditure | -$633.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $665.0K |
| Common Stock Repurchased | -$107.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $558.0K |
| FREE CASH FLOW | $77.0K |
| Net Change in Cash | -$615.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $6M |
| Net Receivables | $13M |
| Inventory | $15M |
| Other Current Assets | $412.0K |
| TOTAL CURRENT ASSETS | $37M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $68.0K |
| Long-Term Investments | $2M |
| Tax Assets | $8.0K |
| Other Non-Current Assets | $34.0K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $51M |
| Account Payables | $3M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | -$8.0K |
| Deferred Tax Liabilities | $8.0K |
| Other Non-Current Liabilities | $8.0K |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $7M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $13M |
| Net Debt | $12M |
