| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $10M | — | 32.2% | — |
| Op. Income | $1M | $1M | — | -5.8% | — |
| Gross Margin | 28.7% | 36.3% | — | -7.6pp | — |
| Net Margin | 6.6% | 9.0% | — | -2.5pp | — |
| EPS (Diluted) | $0.01 | $0.01 | — | 46.0% | — |
| Free Cash Flow | -$1M | -$4M | — | 73.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $4M |
| R&D Expenses | $864.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $191.0K |
| Other Income/Expenses | -$191.0K |
| INCOME BEFORE TAX | $856.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $856.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $856.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $856.0K |
| D&A | $235.0K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $4M |
| R&D Expenses | $864.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $191.0K |
| Other Income/Expenses | -$191.0K |
| INCOME BEFORE TAX | $856.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $856.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $856.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $856.0K |
| D&A | $235.0K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $854.0K |
| Depreciation & Amortization | $235.0K |
| Stock-Based Compensation | $157.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$565.0K |
| Capital Expenditure | -$477.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$477.0K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$39.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $340.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $14M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0K |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $41M |
| Account Payables | $6M |
| Short-Term Debt | $2M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $242.0K |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $698.0K |
| Additional Paid-In Capital | $114M |
| Retained Earnings | -$103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | $0 |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $41M |
| Total Debt | $18M |
| Net Debt | $16M |
