| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $17M | $15M | -29.1% | -19.9% |
| Op. Income | -$11M | -$2M | -$4M | -471.4% | -208.7% |
| Gross Margin | 39.9% | 41.9% | 41.2% | -2.0pp | -1.3pp |
| Net Margin | -101.8% | -16.0% | -80.8% | -85.7pp | -20.9pp |
| EPS (Diluted) | $-65.80 | $-15.75 | $-81.55 | -317.8% | 19.3% |
| Free Cash Flow | -$13M | $16M | $7M | -186.8% | -299.3% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $5M |
| R&D Expenses | $819.0K |
| Selling & Marketing | $17.0K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $12M |
| Operating Expenses | $16M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $922.0K |
| Other Income/Expenses | -$782.0K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $439.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $578.0K |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$66 |
| EPS Diluted | -$66 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $578.0K |
| Stock-Based Compensation | $182.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$623.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$638.0K |
| NET CASH FROM INVESTING | -$623.0K |
| Net Debt Issuance | -$5.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$190.0K |
| NET CASH FROM FINANCING | -$195.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $793.0K |
| Inventory | $0 |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $79M |
| PP&E (Net) | $5M |
| Goodwill | $19M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $109M |
| Account Payables | $3M |
| Short-Term Debt | $15.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $71M |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $17M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $100M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $176M |
| Retained Earnings | -$167M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$218.0K |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $109M |
| Total Debt | $22M |
| Net Debt | $15M |
