| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $47M | $41M | 1.7% | 17.0% |
| Op. Income | $1M | $955.0K | -$6M | 47.0% | 123.5% |
| Gross Margin | 62.5% | 64.4% | 64.0% | -1.9pp | -1.6pp |
| Net Margin | -9.6% | -3.6% | -17.7% | -6.0pp | 8.1pp |
| EPS (Diluted) | $-0.08 | $-0.03 | $-0.13 | -172.4% | 38.4% |
| Free Cash Flow | $3M | -$1M | $4M | 305.2% | -31.6% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $30M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $3M |
| Operating Expenses | $28M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $381.0K |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $3M |
| EBIT | $1M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$583.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$531.0K |
| Common Stock Repurchased | -$233.0K |
| Common Dividends Paid | -$179.0K |
| Other Financing Activities | -$494.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $54M |
| Goodwill | $82M |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $188M |
| TOTAL ASSETS | $204M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $70M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $716.0K |
| TOTAL NON-CURRENT LIABILITIES | $100M |
| TOTAL LIABILITIES | $120M |
| Common Stock | $57.0K |
| Additional Paid-In Capital | $104M |
| Retained Earnings | -$20M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$412.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $204M |
| Total Debt | $100M |
| Net Debt | $89M |
