| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $34M | $27M | 7.1% | 36.3% |
| Op. Income | $3M | $2M | $2M | 23.8% | 78.5% |
| Gross Margin | 21.9% | 20.7% | 20.2% | 1.1pp | 1.6pp |
| Net Margin | 7.2% | 6.2% | 5.5% | 1.0pp | 1.7pp |
| EPS (Diluted) | $0.25 | $0.20 | $0.16 | 25.0% | 56.3% |
| Free Cash Flow | -$5M | -$5M | $1M | -11.9% | -462.0% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $8M |
| R&D Expenses | $343.0K |
| Selling & Marketing | $2M |
| General & Administrative | $3M |
| SG&A Expenses | $5M |
| Other Expenses | -$2.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $3M |
| Interest Income | $106.0K |
| Interest Expense | $413.0K |
| Other Income/Expenses | -$73.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $44.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $1M |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $8M |
| R&D Expenses | $343.0K |
| Selling & Marketing | $2M |
| General & Administrative | $3M |
| SG&A Expenses | $5M |
| Other Expenses | -$2.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $3M |
| Interest Income | $106.0K |
| Interest Expense | $413.0K |
| Other Income/Expenses | -$73.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $44.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $1M |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $148.0K |
| Deferred Income Tax | $306.0K |
| Other Non-Cash Items | -$471.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$978.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$978.0K |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | -$11.9K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$921.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $57M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $98M |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $3M |
| Tax Assets | $1M |
| Other Non-Current Assets | $644.0K |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $148M |
| Account Payables | $9M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $998.0K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $52M |
| Common Stock | $3M |
| Additional Paid-In Capital | $77M |
| Retained Earnings | $18M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $164.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $96M |
| Minority Interest | $0 |
| TOTAL EQUITY | $96M |
| TOTAL LIABILITIES & EQUITY | $148M |
| Total Debt | $29M |
| Net Debt | $21M |
