| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $285.4K | — | $407.0K | — | -29.9% |
| Op. Income | -$1M | — | -$2M | — | 38.4% |
| Gross Margin | 67.9% | — | 58.7% | — | 9.2pp |
| Net Margin | -324.8% | — | -412.2% | — | 87.4pp |
| EPS (Diluted) | $-2.40 | — | $-5.32 | — | 54.9% |
| Free Cash Flow | -$641.9K | — | -$2M | — | 58.7% |
| Item | Amount |
|---|---|
| REVENUE | $285.4K |
| Cost of Revenue | $91.6K |
| GROSS PROFIT | $193.7K |
| R&D Expenses | $847.3K |
| Selling & Marketing | $90.3K |
| General & Administrative | $345.3K |
| SG&A Expenses | $451.9K |
| Other Expenses | -$49.4K |
| Operating Expenses | $1M |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $132.3K |
| INCOME BEFORE TAX | -$923.7K |
| Income Tax Expense | $3.1K |
| Net Income from Continuing Ops | -$926.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$926.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$926.8K |
| D&A | $5.1K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$926.8K |
| Depreciation & Amortization | $80.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$63.5K |
| Change in Working Capital | $268.3K |
| OPERATING CASH FLOW | -$641.9K |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $304.9K |
| NET CASH FROM FINANCING | $304.9K |
| FREE CASH FLOW | -$641.9K |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64.1K |
| Short-Term Investments | $0 |
| Net Receivables | $138.0K |
| Inventory | $0 |
| Other Current Assets | $38.6K |
| TOTAL CURRENT ASSETS | $322.6K |
| PP&E (Net) | $6.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $490.6K |
| TOTAL NON-CURRENT ASSETS | $496.6K |
| TOTAL ASSETS | $819.2K |
| Account Payables | $27.9K |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $124.7K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3M |
| Common Stock | $3.1K |
| Additional Paid-In Capital | $12M |
| Retained Earnings | -$15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $618.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $819.2K |
| Total Debt | $1M |
| Net Debt | $1M |
