| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $16M | $21M | -2.8% | -23.1% |
| Op. Income | -$10M | -$11M | $2M | 2.8% | -741.8% |
| Gross Margin | 22.4% | 22.4% | 17.7% | -0.0pp | 4.7pp |
| Net Margin | -61.7% | -61.7% | 13.2% | -0.0pp | -75.0pp |
| EPS (Diluted) | $-0.51 | $-0.52 | $0.14 | 2.8% | -454.1% |
| Free Cash Flow | $0 | $0 | -$5M | — | 100.0% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $4M |
| R&D Expenses | $3M |
| Selling & Marketing | $2M |
| General & Administrative | $10M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$10M |
| Interest Income | $95.6K |
| Interest Expense | $0 |
| Other Income/Expenses | $509.9K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $66.1K |
| 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 | $239.6K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $8M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $115M |
| PP&E (Net) | $453.4K |
| Goodwill | $12M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $156M |
| Account Payables | $19M |
| Short-Term Debt | $3M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $661.1K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $681.9K |
| TOTAL LIABILITIES | $70M |
| Common Stock | $50M |
| Additional Paid-In Capital | $81M |
| Retained Earnings | -$43M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $19M |
| TOTAL STOCKHOLDERS' EQUITY | $86M |
| Minority Interest | -$198.5K |
| TOTAL EQUITY | $86M |
| TOTAL LIABILITIES & EQUITY | $156M |
| Total Debt | $3M |
| Net Debt | -$35M |
