| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | — | $3M | — | -18.0% |
| Op. Income | -$1M | — | -$731.0K | — | -65.3% |
| Gross Margin | 36.3% | — | 46.1% | — | -9.9pp |
| Net Margin | -54.3% | — | -30.5% | — | -23.8pp |
| EPS (Diluted) | $-2.87 | — | $-3.28 | — | 12.5% |
| Free Cash Flow | -$1M | — | -$2M | — | 33.5% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $990.0K |
| R&D Expenses | $536.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$90.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $186.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $45.0K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $45.0K |
| Stock-Based Compensation | $130.0K |
| Deferred Income Tax | $54.0K |
| Other Non-Cash Items | -$144.0K |
| Change in Working Capital | $168.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$2.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.0K |
| Net Debt Issuance | -$129.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$129.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $783.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $840.0K |
| Other Non-Current Assets | $496.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $14M |
| Account Payables | $987.0K |
| Short-Term Debt | $172.0K |
| Deferred Revenue | $162.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $114.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $201M |
| Retained Earnings | -$192M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $522.0K |
| Net Debt | -$2M |
