| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $15M | $14M | 7.7% | 14.0% |
| Op. Income | -$4M | -$3M | -$15M | -33.2% | 72.7% |
| Gross Margin | 36.2% | 34.0% | 36.2% | 2.2pp | 0.0pp |
| Net Margin | -42.6% | -22.6% | -43.1% | -20.1pp | 0.4pp |
| EPS (Diluted) | $-0.71 | $-0.37 | $-0.78 | -91.9% | 9.0% |
| Free Cash Flow | -$4M | -$6M | -$5M | 32.1% | 14.4% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $6M |
| R&D Expenses | $991.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $2M |
| Operating Expenses | $10M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$131.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $153.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $153.0K |
| Stock-Based Compensation | $114.0K |
| Deferred Income Tax | -$131.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | -$270.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$459.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $23M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $42M |
| Long-Term Investments | $193.0K |
| Tax Assets | $2M |
| Other Non-Current Assets | $79.0K |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $94M |
| Account Payables | $23M |
| Short-Term Debt | $210.0K |
| Deferred Revenue | $283.0K |
| Other Current Liabilities | $50.0K |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $81M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $124M |
| Common Stock | $2M |
| Additional Paid-In Capital | $50M |
| Retained Earnings | -$58M |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$29M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$29M |
| TOTAL LIABILITIES & EQUITY | $94M |
| Total Debt | $93M |
| Net Debt | $88M |
