| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $239.0K | $59.0K | — | 305.1% | — |
| Op. Income | -$18M | -$16M | — | -10.5% | — |
| Gross Margin | -80.8% | -413.6% | — | 332.8pp | — |
| Net Margin | -6786.6% | -23889.8% | — | 17103.2pp | — |
| EPS (Diluted) | $-10.20 | $-8.98 | — | -13.6% | — |
| Free Cash Flow | -$16M | -$18M | — | 10.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $239.0K |
| Cost of Revenue | $432.0K |
| GROSS PROFIT | -$193.0K |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $1.0K |
| Operating Expenses | $17M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$18M |
| Interest Income | $0 |
| Interest Expense | $914.0K |
| Other Income/Expenses | $109.0K |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $508.0K |
| EBIT | -$17M |
| EBITDA | -$16M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $508.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$220.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.0K |
| NET CASH FROM FINANCING | $469.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $25M |
| Net Receivables | $428.0K |
| Inventory | $2M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $224.0K |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $58M |
| Account Payables | $3M |
| Short-Term Debt | $275.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $580.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $589.0K |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $235M |
| Retained Earnings | -$210M |
| Treasury Stock | -$25.0K |
| Accum. Other Comp. Income | $43.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $3M |
| TOTAL EQUITY | $29M |
| TOTAL LIABILITIES & EQUITY | $58M |
| Total Debt | $17M |
| Net Debt | $4M |
