| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $145M | $147M | $134M | -1.0% | 8.1% |
| Op. Income | $12M | $12M | $12M | -1.3% | 1.4% |
| Gross Margin | 32.7% | 31.3% | 32.2% | 1.4pp | 0.5pp |
| Net Margin | 4.6% | 4.6% | 4.9% | -0.0pp | -0.3pp |
| EPS (Diluted) | $0.41 | $0.42 | $0.41 | -2.4% | 0.0% |
| Free Cash Flow | $8M | $11M | -$10M | -26.9% | 179.6% |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $47M |
| R&D Expenses | $11M |
| Selling & Marketing | $6M |
| General & Administrative | $15M |
| SG&A Expenses | $21M |
| Other Expenses | $4M |
| Operating Expenses | $36M |
| Cost & Expenses | $133M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $6M |
| EBIT | $12M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $47M |
| R&D Expenses | $11M |
| Selling & Marketing | $6M |
| General & Administrative | $15M |
| SG&A Expenses | $21M |
| Other Expenses | $4M |
| Operating Expenses | $36M |
| Cost & Expenses | $133M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $6M |
| EBIT | $12M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $136.0K |
| Other Non-Cash Items | $377.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$476.0K |
| Other Financing Activities | -$174.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$284.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $91M |
| Inventory | $117M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $245M |
| PP&E (Net) | $93M |
| Goodwill | $130M |
| Intangible Assets | $114M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $352M |
| TOTAL ASSETS | $597M |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $216M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $260M |
| TOTAL LIABILITIES | $354M |
| Common Stock | $95M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $162M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $242M |
| Minority Interest | $0 |
| TOTAL EQUITY | $242M |
| TOTAL LIABILITIES & EQUITY | $597M |
| Total Debt | $250M |
| Net Debt | $226M |
