| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $16M | $14M | -46.8% | -37.3% |
| Op. Income | -$11M | -$5M | -$6M | -95.6% | -65.5% |
| Gross Margin | 50.7% | 50.5% | 40.3% | 0.1pp | 10.4pp |
| Net Margin | -118.9% | -31.6% | -44.4% | -87.4pp | -74.5pp |
| EPS (Diluted) | $-2.04 | $-0.09 | $-0.11 | -2215.6% | -1754.5% |
| Free Cash Flow | -$8M | -$1M | -$8M | -570.9% | -0.2% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $4M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $1M |
| Operating Expenses | $15M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$11M |
| Interest Income | $349.0K |
| Interest Expense | $22.0K |
| Other Income/Expenses | $327.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $32.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $1M |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $925.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $69.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$312.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$312.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $5M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $50M |
| PP&E (Net) | $12M |
| Goodwill | $18M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $82M |
| Account Payables | $3M |
| Short-Term Debt | $3M |
| Deferred Revenue | $130.0K |
| Other Current Liabilities | $473.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $488M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$492M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $486.0K |
| Minority Interest | $51M |
| TOTAL EQUITY | $52M |
| TOTAL LIABILITIES & EQUITY | $82M |
| Total Debt | $8M |
| Net Debt | -$30M |
