| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $9M | $12M | 3.5% | -16.6% |
| Op. Income | -$5M | -$8M | -$7M | 36.1% | 27.1% |
| Gross Margin | 29.2% | 23.8% | 43.9% | 5.4pp | -14.8pp |
| Net Margin | -55.8% | -87.2% | -62.1% | 31.4pp | 6.3pp |
| EPS (Diluted) | $-0.13 | $-0.20 | $-0.25 | 35.0% | 48.0% |
| Free Cash Flow | -$3M | -$7M | -$6M | 55.4% | 51.9% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $3M |
| R&D Expenses | $678.0K |
| Selling & Marketing | $1M |
| General & Administrative | $5M |
| SG&A Expenses | $7M |
| Other Expenses | $287.0K |
| Operating Expenses | $8M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $272.0K |
| Other Income/Expenses | -$272.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$8.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$9.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$115.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$115.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$103.0K |
| NET CASH FROM FINANCING | -$22.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $11M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $35M |
| PP&E (Net) | $65M |
| Goodwill | $0 |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $115M |
| Account Payables | $1M |
| Short-Term Debt | $1M |
| Deferred Revenue | $24.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $875.0K |
| Other Non-Current Liabilities | $54.0K |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $0 |
| Additional Paid-In Capital | $184M |
| Retained Earnings | -$105M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $0 |
| TOTAL EQUITY | $79M |
| TOTAL LIABILITIES & EQUITY | $115M |
| Total Debt | $31M |
| Net Debt | $12M |
