| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $31M | — | -52.0% | — |
| Op. Income | -$11M | $2M | — | -720.8% | — |
| Gross Margin | -22.8% | 26.0% | — | -48.9pp | — |
| Net Margin | -85.3% | 3.9% | — | -89.2pp | — |
| EPS (Diluted) | $-0.66 | $0.07 | — | -1106.1% | — |
| Free Cash Flow | -$4M | $4M | — | -202.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $19M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $0 |
| Selling & Marketing | $11.0K |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $289.5K |
| Operating Expenses | $7M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $116.7K |
| Other Income/Expenses | $537.9K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $257.4K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $313.1K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$68.7K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$380.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$380.3K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $8M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $49M |
| PP&E (Net) | $617.5K |
| Goodwill | $4M |
| Intangible Assets | $2M |
| Long-Term Investments | $498.3K |
| Tax Assets | $0 |
| Other Non-Current Assets | $176.9K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $56M |
| Account Payables | $5M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $19.4K |
| Additional Paid-In Capital | $73M |
| Retained Earnings | -$27M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $122.6K |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $56M |
| Total Debt | $5M |
| Net Debt | -$33M |
