| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $5M | $6M | 15.4% | -0.4% |
| Op. Income | -$16M | -$20M | -$20M | 20.1% | 20.3% |
| Gross Margin | -124.5% | -166.1% | -125.3% | 41.6pp | 0.8pp |
| Net Margin | -236.0% | -341.7% | -289.8% | 105.6pp | 53.8pp |
| EPS (Diluted) | $-0.54 | $-0.68 | $-0.67 | 20.6% | 19.4% |
| Free Cash Flow | -$10M | -$20M | -$17M | 52.4% | 44.4% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $14M |
| GROSS PROFIT | -$8M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | -$13M |
| Operating Expenses | $8M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$16M |
| Interest Income | $1M |
| Interest Expense | $58.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $49.0K |
| EBIT | -$16M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $49.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $312.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$541.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $87.0K |
| NET CASH FROM FINANCING | $87.0K |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $37M |
| Net Receivables | $6M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $93M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $102M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $682.0K |
| TOTAL LIABILITIES | $23M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $381M |
| Retained Earnings | -$302M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $0 |
| TOTAL EQUITY | $79M |
| TOTAL LIABILITIES & EQUITY | $102M |
| Total Debt | $1M |
| Net Debt | -$40M |
