Reported June 30, 2024
| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | — | $74M | — | 4.1% |
| Op. Income | $6M | — | $10M | — | -40.8% |
| Gross Margin | 36.5% | — | 42.2% | — | -5.6pp |
| Net Margin | 5.6% | — | 5.4% | — | 0.2pp |
| EPS (Diluted) | $0.08 | — | $0.07 | — | 10.9% |
| Free Cash Flow | -$3M | — | $2M | — | -264.1% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $28M |
| R&D Expenses | $3M |
| Selling & Marketing | $16M |
| General & Administrative | $4M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $22M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $217.0K |
| Other Income/Expenses | -$723.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $802.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $642.5K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $28M |
| R&D Expenses | $3M |
| Selling & Marketing | $16M |
| General & Administrative | $4M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $22M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $217.0K |
| Other Income/Expenses | -$723.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $802.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $642.5K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$482.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$482.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $17M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $129M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $329.0K |
| Other Non-Current Assets | $198.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $139M |
| Account Payables | $27M |
| Short-Term Debt | $45M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $335.0K |
| TOTAL LIABILITIES | $85M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $17M |
| Retained Earnings | $34M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $139M |
| Total Debt | $46M |
| Net Debt | -$8M |