| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | — | $56M | — | -48.1% |
| Op. Income | -$228.3K | — | $369.1K | — | -161.8% |
| Gross Margin | 2.0% | — | 1.8% | — | 0.2pp |
| Net Margin | -0.7% | — | 0.3% | — | -1.1pp |
| EPS (Diluted) | $-0.14 | — | $0.12 | — | -218.7% |
| Free Cash Flow | -$1M | — | -$113.8K | — | -1182.8% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $578.9K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $807.1K |
| SG&A Expenses | $807.1K |
| Other Expenses | $0 |
| Operating Expenses | $778.2K |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$228.3K |
| Interest Income | $2.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $25.9K |
| INCOME BEFORE TAX | -$202.3K |
| Income Tax Expense | $14.5K |
| Net Income from Continuing Ops | -$216.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$216.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$216.8K |
| D&A | $1.3K |
| EBIT | -$228.3K |
| EBITDA | -$227.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$216.8K |
| Depreciation & Amortization | $1.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$12.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12.1K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $813.5K |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $14.8K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $246.4K |
| TOTAL NON-CURRENT ASSETS | $261.2K |
| TOTAL ASSETS | $9M |
| Account Payables | $718.1K |
| Short-Term Debt | $423.6K |
| Deferred Revenue | $2.9K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3M |
| Common Stock | $2.5K |
| Additional Paid-In Capital | $6M |
| Retained Earnings | -$131.0K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $423.6K |
| Net Debt | -$5M |
