| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $31M | $6M | 5.7% | 422.5% |
| Op. Income | -$25M | -$34M | -$13M | 26.7% | -92.0% |
| Gross Margin | 8.0% | 0.5% | -18.0% | 7.4pp | 26.0pp |
| Net Margin | -83.4% | -120.7% | -718.6% | 37.3pp | 635.3pp |
| EPS (Diluted) | $-2.31 | $-3.35 | $-4.46 | 31.1% | 48.3% |
| Free Cash Flow | -$8M | -$14M | -$12M | 44.7% | 35.7% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $3M |
| R&D Expenses | $6M |
| Selling & Marketing | $3M |
| General & Administrative | $20M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $58M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | -$35.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $2M |
| EBIT | -$25M |
| EBITDA | -$23M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$35.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $83.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $90M |
| TOTAL ASSETS | $106M |
| Account Payables | $26M |
| Short-Term Debt | $15M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $187M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $234M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $538M |
| Retained Earnings | -$666M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$128M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$128M |
| TOTAL LIABILITIES & EQUITY | $106M |
| Total Debt | $43M |
| Net Debt | $41M |
