| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $8M | 24.9% | 2.2% |
| Op. Income | -$486.0K | -$3M | -$2M | 83.2% | 75.2% |
| Gross Margin | 58.5% | 45.6% | 52.3% | 12.9pp | 6.2pp |
| Net Margin | -1.2% | -49.9% | -38.2% | 48.7pp | 37.0pp |
| EPS (Diluted) | $-0.00 | $-0.10 | $-0.09 | 97.1% | 96.9% |
| Free Cash Flow | $246.0K | -$2M | -$756.0K | 116.1% | 132.5% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $5M |
| R&D Expenses | $199.0K |
| Selling & Marketing | $3M |
| General & Administrative | $2M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$486.0K |
| Interest Income | $54.0K |
| Interest Expense | $531.0K |
| Other Income/Expenses | $387.0K |
| INCOME BEFORE TAX | -$99.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$99.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$99.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$99.0K |
| D&A | $1M |
| EBIT | $432.0K |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$99.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $163.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9.0K |
| Change in Working Capital | -$793.0K |
| OPERATING CASH FLOW | $591.0K |
| Capital Expenditure | -$345.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$345.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $246.0K |
| Net Change in Cash | $246.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $3M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $13M |
| Goodwill | $7M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $325.0K |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $40M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $247.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $473.0K |
| Deferred Tax Liabilities | $186.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $251M |
| Retained Earnings | -$242M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $40M |
| Total Debt | $17M |
| Net Debt | $11M |
