| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $2M | 18.3% | 50.5% |
| Op. Income | -$947.4K | -$771.9K | -$950.8K | -22.7% | 0.4% |
| Gross Margin | 6.7% | 8.0% | 11.3% | -1.3pp | -4.6pp |
| Net Margin | -33.2% | -31.2% | -46.1% | -2.1pp | 12.9pp |
| EPS (Diluted) | $-0.21 | $-0.16 | $-0.20 | -31.2% | -5.0% |
| Free Cash Flow | $952.7K | -$729.8K | -$881.3K | 230.5% | 208.1% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $222.7K |
| R&D Expenses | $0 |
| Selling & Marketing | $24.7K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$947.4K |
| Interest Income | $0 |
| Interest Expense | $147.8K |
| Other Income/Expenses | -$135.6K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $21.8K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $192.9K |
| EBIT | -$935.2K |
| EBITDA | -$742.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $192.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $994.7K |
| Capital Expenditure | -$42.0K |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $685.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $685.8K |
| FREE CASH FLOW | $952.7K |
| Net Change in Cash | -$161.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $108.3K |
| Inventory | $111.5K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $12M |
| Goodwill | $2M |
| Intangible Assets | $517.8K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $914.4K |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $17M |
| Account Payables | $868.6K |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $16M |
| Common Stock | $134 |
| Additional Paid-In Capital | $12M |
| Retained Earnings | -$11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $736.6K |
| Minority Interest | $0 |
| TOTAL EQUITY | $736.6K |
| TOTAL LIABILITIES & EQUITY | $17M |
| Total Debt | $15M |
| Net Debt | $14M |
