| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $6M | $5M | 23.8% | 53.2% |
| Op. Income | $2M | -$1M | $931.0K | 289.7% | 114.0% |
| Gross Margin | 73.2% | 72.6% | 74.3% | 0.5pp | -1.1pp |
| Net Margin | 91.6% | -78.3% | -155.3% | 169.9pp | 246.9pp |
| EPS (Diluted) | $1.77 | $-1.46 | $-4.68 | 221.2% | 137.8% |
| Free Cash Flow | -$760.0K | $986.0K | -$995.0K | -177.1% | 23.6% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $5M |
| R&D Expenses | $195.0K |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $180.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $262.0K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $5M |
| R&D Expenses | $195.0K |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $180.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $262.0K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $262.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$668.0K |
| Capital Expenditure | -$92.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$92.0K |
| Net Debt Issuance | $274.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $274.0K |
| FREE CASH FLOW | -$760.0K |
| Net Change in Cash | -$476.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $3M |
| Other Current Assets | $379.0K |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $947.0K |
| Goodwill | $7M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $21M |
| Account Payables | $4M |
| Short-Term Debt | $33M |
| Deferred Revenue | $130.0K |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $60M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $350.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $654.0K |
| TOTAL LIABILITIES | $61M |
| Common Stock | $1M |
| Additional Paid-In Capital | $177M |
| Retained Earnings | -$218M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$40M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$40M |
| TOTAL LIABILITIES & EQUITY | $21M |
| Total Debt | $33M |
| Net Debt | $30M |
