| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $6M | $5M | 17.9% | 32.3% |
| Op. Income | -$13M | -$14M | -$15M | 6.3% | 11.1% |
| Gross Margin | -2.9% | -27.1% | -37.8% | 24.3pp | 35.0pp |
| Net Margin | -190.1% | -237.4% | -280.2% | 47.4pp | 90.2pp |
| EPS (Diluted) | $-0.29 | $-0.31 | $-0.33 | 6.5% | 12.1% |
| Free Cash Flow | -$11M | -$16M | -$9M | 34.3% | -12.5% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $7M |
| GROSS PROFIT | -$189.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $4M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$13M |
| Interest Income | $838.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $815.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $15.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $828.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $828.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$66.0K |
| Change in Working Capital | $526.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$459.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $12.0K |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | -$10.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $32M |
| Net Receivables | $5M |
| Inventory | $21M |
| Other Current Assets | $758.0K |
| TOTAL CURRENT ASSETS | $98M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $882.0K |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $117M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $281.0K |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $429.0K |
| Additional Paid-In Capital | $548M |
| Retained Earnings | -$454M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $95M |
| Minority Interest | $0 |
| TOTAL EQUITY | $95M |
| TOTAL LIABILITIES & EQUITY | $117M |
| Total Debt | $7M |
| Net Debt | -$30M |
