| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $40M | $44M | -13.9% | -21.5% |
| Op. Income | -$8M | -$8M | -$6M | 0.1% | -35.7% |
| Gross Margin | 21.2% | 23.3% | 21.1% | -2.1pp | 0.2pp |
| Net Margin | -33.8% | -32.5% | -14.6% | -1.3pp | -19.2pp |
| EPS (Diluted) | $-0.87 | $-0.97 | $-0.52 | 10.3% | -67.3% |
| Free Cash Flow | -$12M | -$11M | -$8M | -6.3% | -52.5% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $7M |
| R&D Expenses | $4M |
| Selling & Marketing | $2M |
| General & Administrative | $6M |
| SG&A Expenses | $7M |
| Other Expenses | $5M |
| Operating Expenses | $16M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$8M |
| Interest Income | $336.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $110.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $1M |
| EBIT | -$8M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $438.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $949.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $5M |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $57M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $968.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $71M |
| Account Payables | $3M |
| Short-Term Debt | $53M |
| Deferred Revenue | $446.0K |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $85M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $166M |
| Retained Earnings | -$179M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$444.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$14M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$14M |
| TOTAL LIABILITIES & EQUITY | $71M |
| Total Debt | $56M |
| Net Debt | $31M |
