| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $7M | $10M | -17.3% | -41.2% |
| Op. Income | $1M | $650.4K | $2M | 74.0% | -41.3% |
| Gross Margin | 90.9% | 64.2% | 57.3% | 26.8pp | 33.7pp |
| Net Margin | 19.8% | 6.4% | 9.9% | 13.4pp | 9.8pp |
| EPS (Diluted) | $0.11 | $0.11 | $0.09 | 0.0% | 17.1% |
| Free Cash Flow | -$4M | $4M | -$847.3K | -209.5% | -363.8% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $550.4K |
| GROSS PROFIT | $6M |
| R&D Expenses | $855.3K |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $5M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $156.9K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $87.6K |
| 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 | $357.9K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $550.4K |
| GROSS PROFIT | $6M |
| R&D Expenses | $855.3K |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $5M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $156.9K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $87.6K |
| 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 | $357.9K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $358.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$116.8K |
| Other Non-Cash Items | -$33.6K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$62.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$62.0K |
| Net Debt Issuance | -$82.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$73.2K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $13M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $563.1K |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $237.4K |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $66M |
| Account Payables | $1M |
| Short-Term Debt | $230.5K |
| Deferred Revenue | $6M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $32M |
| Retained Earnings | $13M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $0 |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $8M |
| Net Debt | -$10M |
