| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $23M | $20M | -19.7% | -5.9% |
| Op. Income | -$647.0K | -$2M | -$3M | 62.1% | 75.7% |
| Gross Margin | 90.7% | 90.7% | 84.7% | -0.1pp | 6.0pp |
| Net Margin | -12.1% | -18.3% | -19.5% | 6.2pp | 7.5pp |
| EPS (Diluted) | $-0.06 | $-0.11 | $-0.10 | 50.0% | 45.0% |
| Free Cash Flow | -$3M | -$137.0K | $1M | -1902.9% | -321.6% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $4M |
| SG&A Expenses | $15M |
| Other Expenses | $3M |
| Operating Expenses | $18M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$647.0K |
| Interest Income | $75.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $82.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $580.0K |
| EBIT | -$572.0K |
| EBITDA | $8.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $580.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $640.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$555.0K |
| Acquisitions (Net) | -$128.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$683.0K |
| Net Debt Issuance | -$357.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$140.0K |
| NET CASH FROM FINANCING | -$497.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $2M |
| Goodwill | $5M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $52.0K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $34M |
| Account Payables | $7M |
| Short-Term Debt | $2M |
| Deferred Revenue | $2M |
| Other Current Liabilities | -$211.0K |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78.0K |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $166M |
| Retained Earnings | -$168M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $25M |
| Net Debt | $16M |
