Revenue and profitability
- QQ2 2024 revenue: 361,544 USD; YoY revenue change: -84.25%; QoQ revenue change: -48.71%
- Four-quarter trend (from the provided data): Q2 2024 361,544; Q1 2024 704,899; Q4 2023 912,341; Q3 2023 2,069,559
- Gross profit: -70,884 USD; gross margin: -19.60%
- Operating income: -1,367,896 USD; operating margin: -3.78%
- EBITDA: -1,362,982 USD; EBITDA margin: -3.77%
- Net income: -1,366,144 USD; net margin: -3.78%
- EPS: -0.24 (diluted: -0.24); Weighted average shares outstanding: 5,778,787
Liquidity and balance sheet
- Total cash and short-term investments: 18,142,969 USD (cash 1,642,969; short-term investments 16,500,000)
- Net debt: 1,018,167 USD; total debt: 2,661,136 USD
- Total assets: 21,583,761 USD; total liabilities: 13,542,980 USD; total stockholders’ equity: 8,040,781 USD
- Retained earnings: -172,973,917 USD; accumulated other comprehensive income (loss): 90,584 USD
- Current ratio: 1.446; quick ratio: 1.360; cash ratio: 0.121
- Working capital dynamics (QQ2 2024): change in working capital 1,446,430 USD; accounts receivable 171,017; inventory 493,851; accounts payable -369,615; other working capital 1,151,177; net cash provided by operating activities 75,372 USD
Cash flow and efficiency
- Net cash from operating activities: 75,372 USD; free cash flow: 75,372 USD
- Cash flow from financing activities: -68,630 USD; foreign exchange impact: -75,056 USD; net change in cash: -68,314 USD; ending cash: 1,642,969 USD
- Inventory turnover and days outstanding indicate a high working capital burden: days of inventory outstanding 242.88; days sales outstanding 21.72; days payables outstanding 956.84; cash conversion cycle: -692.24 days
- Revenue efficiency metrics (per-share basis): operating cash flow per share 0.013; free cash flow per share 0.013
Valuation and multiples
- Price-to-sales: 59.78x; price-to-book: 2.69x; enterprise value multiple: -16.60x; price-to-operating cash flows ratio: 286.75x (indicative of a cash-rich balance sheet with negative profitability)
- Price/earnings: -3.96x; price/FCF: not meaningful given negative earnings in prior periods; market capitalization implied by current share count and price is not provided in the data