| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57M | $51M | $40M | 12.8% | 43.3% |
| Op. Income | -$29M | -$28M | -$40M | -5.6% | 25.4% |
| Gross Margin | 39.1% | 39.6% | 32.2% | -0.6pp | 6.9pp |
| Net Margin | -56.9% | -70.7% | -103.8% | 13.7pp | 46.9pp |
| EPS (Diluted) | $-0.19 | $-0.20 | $-0.26 | 5.9% | 27.3% |
| Free Cash Flow | -$13M | -$13M | -$31M | 0.7% | 58.8% |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $32M |
| Operating Expenses | $52M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$29M |
| Interest Income | $562.4K |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | -$911.5K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $4M |
| EBIT | -$27M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $752.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $6M |
| Net Receivables | $45M |
| Inventory | $85M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $219M |
| PP&E (Net) | $114M |
| Goodwill | $12M |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $85M |
| TOTAL NON-CURRENT ASSETS | $241M |
| TOTAL ASSETS | $429M |
| Account Payables | $30M |
| Short-Term Debt | $126M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $189M |
| Long-Term Debt | $91M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $155M |
| TOTAL LIABILITIES | $355M |
| Common Stock | $54M |
| Additional Paid-In Capital | $524M |
| Retained Earnings | -$513M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $105M |
| Minority Interest | $22.5K |
| TOTAL EQUITY | $98M |
| TOTAL LIABILITIES & EQUITY | $429M |
| Total Debt | $255M |
| Net Debt | $195M |
