| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $49M | $46M | -9.3% | -3.8% |
| Op. Income | $2M | $2M | -$949.0K | -3.6% | 325.3% |
| Gross Margin | 15.0% | 14.2% | 6.2% | 0.9pp | 8.9pp |
| Net Margin | 3.9% | 3.5% | -1.5% | 0.4pp | 5.4pp |
| EPS (Diluted) | $0.08 | $0.08 | $-0.03 | 0.9% | 327.5% |
| Free Cash Flow | $1M | $7M | $2M | -79.9% | -36.7% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $5M |
| Operating Expenses | $5M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $850.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $379.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $164.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $5M |
| Operating Expenses | $5M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $850.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $379.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $164.0K |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $164.0K |
| Stock-Based Compensation | $17.0K |
| Deferred Income Tax | -$411.0K |
| Other Non-Cash Items | -$22.0K |
| Change in Working Capital | -$154.0K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$7.0K |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$408.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$408.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$326.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $34M |
| Net Receivables | $47M |
| Inventory | $0 |
| Other Current Assets | -$105M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $213M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$215M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $362M |
| Account Payables | $0 |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$34M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $263M |
| Common Stock | $22M |
| Additional Paid-In Capital | $57M |
| Retained Earnings | $53M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$27M |
| Other Equity | -$16.0K |
| TOTAL STOCKHOLDERS' EQUITY | $99M |
| Minority Interest | $0 |
| TOTAL EQUITY | $99M |
| TOTAL LIABILITIES & EQUITY | $362M |
| Total Debt | $37M |
| Net Debt | $13M |
