| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $3M | — | 95.8% | — |
| Op. Income | -$3M | -$2M | — | -95.8% | — |
| Gross Margin | 26.7% | 26.7% | — | 0.0pp | — |
| Net Margin | -25.5% | -49.8% | — | 24.4pp | — |
| EPS (Diluted) | $-0.60 | $-0.60 | — | 0.0% | — |
| Free Cash Flow | -$498.7K | -$498.7K | — | 0.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $2M |
| R&D Expenses | $967.5K |
| Selling & Marketing | $332.2K |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $1 |
| Operating Expenses | $5M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$3M |
| Interest Income | $450.2K |
| Interest Expense | $240.7K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $7.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $40.5K |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $104.3K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $146.0K |
| Stock-Based Compensation | $287.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $608.1K |
| Change in Working Capital | $123.2K |
| OPERATING CASH FLOW | -$482.9K |
| Capital Expenditure | -$15.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$498.7K |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $20M |
| Net Receivables | $12M |
| Inventory | $271.1K |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $62M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $71M |
| Account Payables | $2M |
| Short-Term Debt | $5M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $790.0K |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $145.2K |
| TOTAL NON-CURRENT LIABILITIES | $149.0K |
| TOTAL LIABILITIES | $10M |
| Common Stock | $4.7K |
| Additional Paid-In Capital | $85M |
| Retained Earnings | -$28M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $62M |
| Minority Interest | -$2M |
| TOTAL EQUITY | $61M |
| TOTAL LIABILITIES & EQUITY | $71M |
| Total Debt | $5M |
| Net Debt | -$13M |
