| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $38M | $47M | 16.2% | -5.4% |
| Op. Income | -$25M | $80M | -$22M | -131.6% | -17.1% |
| Gross Margin | 38.3% | 32.3% | 17.1% | 6.0pp | 21.2pp |
| Net Margin | -65.5% | 179.9% | -42.1% | -245.4pp | -23.5pp |
| EPS (Diluted) | $-0.44 | $0.98 | $-0.28 | -145.2% | -58.3% |
| Free Cash Flow | -$44M | -$45M | -$52M | 2.7% | 15.7% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $17M |
| R&D Expenses | $19M |
| Selling & Marketing | $14M |
| General & Administrative | $13M |
| SG&A Expenses | $27M |
| Other Expenses | -$4M |
| Operating Expenses | $42M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$25M |
| Interest Income | $609.1K |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$195.3K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $0 |
| EBIT | -$24M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | $408.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $585.8K |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $57M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $315M |
| PP&E (Net) | $183M |
| Goodwill | $0 |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $231M |
| TOTAL ASSETS | $546M |
| Account Payables | $10M |
| Short-Term Debt | $23M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $188M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $231M |
| TOTAL LIABILITIES | $351M |
| Common Stock | $24M |
| Additional Paid-In Capital | $694M |
| Retained Earnings | -$605M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $81M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $194M |
| Minority Interest | $0 |
| TOTAL EQUITY | $194M |
| TOTAL LIABILITIES & EQUITY | $546M |
| Total Debt | $245M |
| Net Debt | $91M |
