Enlightify Inc reported a challenging QQ2 2024, with revenue of $14.35 million (YoY -19.39%, QoQ -17.37%) and a gross profit of $3.467 million, yielding a gross margin of approximately 24.16%. The quarter delivered an operating loss of $4.79 million and a net loss of $5.13 million, corresponding to an EPS of -$0.35. EBITDA was negative at -$4.41 million, and the company posted negative free cash flow of -$1.54 million driven by ongoing operating losses and working capital dynamics. Despite the bottom-line weakness, Enlightify sits on a robust balance sheet and substantial liquidity, ending the period with cash and cash equivalents of about $70.40 million and a net cash position (net debt) of approximately -$61.76 million, supported by a total equity base of $122.08 million and total assets of $186.03 million.