| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | — | $15M | — | -65.8% |
| Op. Income | -$14M | — | -$6M | — | -139.3% |
| Gross Margin | 25.9% | — | 52.9% | — | -27.0pp |
| Net Margin | -362.2% | — | -46.1% | — | -316.1pp |
| EPS (Diluted) | $-1.94 | — | $-3.11 | — | 37.6% |
| Free Cash Flow | -$8M | — | -$10M | — | 19.5% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $1M |
| R&D Expenses | $3M |
| Selling & Marketing | $4M |
| General & Administrative | $8M |
| SG&A Expenses | $12M |
| Other Expenses | $316.9K |
| Operating Expenses | $15M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$14M |
| Interest Income | $116.5K |
| Interest Expense | $1M |
| Other Income/Expenses | -$5.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$15M |
| NET INCOME | -$19M |
| Net Income Deductions | -$9M |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $366.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $362.2K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$89.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $742.2K |
| Other Investing Activities | $929 |
| NET CASH FROM INVESTING | $654.1K |
| Net Debt Issuance | $18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $5.0K |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $5M |
| Goodwill | $8M |
| Intangible Assets | $94.0K |
| Long-Term Investments | $471.0K |
| Tax Assets | $2.4K |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $51M |
| Account Payables | $3M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $22.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $375.0K |
| Additional Paid-In Capital | $324M |
| Retained Earnings | -$290M |
| Treasury Stock | -$548.0K |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37M |
| Minority Interest | -$19M |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $17M |
| Net Debt | -$9M |
