| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86.2K | — | $11M | — | -99.2% |
| Op. Income | -$728.5K | — | $41.2K | — | -1867.8% |
| Gross Margin | 51.1% | — | 23.0% | — | 28.2pp |
| Net Margin | -389.9% | — | -2.5% | — | -387.4pp |
| EPS (Diluted) | $-213.00 | — | $-2.32 | — | -9081.0% |
| Free Cash Flow | -$13M | — | -$333.6K | — | -3752.6% |
| Item | Amount |
|---|---|
| REVENUE | $86.2K |
| Cost of Revenue | $42.1K |
| GROSS PROFIT | $44.1K |
| R&D Expenses | $688 |
| Selling & Marketing | $64.0K |
| General & Administrative | $707.9K |
| SG&A Expenses | $771.9K |
| Other Expenses | $0 |
| Operating Expenses | $772.6K |
| Cost & Expenses | $814.7K |
| OPERATING INCOME | -$728.5K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $11.3K |
| INCOME BEFORE TAX | -$717.2K |
| Income Tax Expense | -$371.6K |
| Net Income from Continuing Ops | -$345.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$335.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$335.9K |
| D&A | $16.7K |
| EBIT | -$728.5K |
| EBITDA | -$711.8K |
| EPS | -$213 |
| EPS Diluted | -$213 |
| Item | Amount |
|---|---|
| Net Income | -$335.9K |
| Depreciation & Amortization | $58.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$9.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37.3K |
| NET CASH FROM FINANCING | $27.7K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $91.4K |
| Net Receivables | $2M |
| Inventory | $14M |
| Other Current Assets | $846.1K |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $124.6K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $124.6K |
| TOTAL ASSETS | $20M |
| Account Payables | $2M |
| Short-Term Debt | $408.7K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $0 |
| Additional Paid-In Capital | $45M |
| Retained Earnings | -$33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | -$408.2K |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $20M |
| Total Debt | $2M |
| Net Debt | -$1M |
