| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $32M | $29M | 22.2% | 36.6% |
| Op. Income | $1M | $1M | $296.0K | 9.0% | 354.7% |
| Gross Margin | 31.7% | 35.3% | 36.0% | -3.6pp | -4.3pp |
| Net Margin | 0.7% | 1.8% | -1.5% | -1.1pp | 2.2pp |
| EPS (Diluted) | $0.04 | $0.08 | $-0.06 | -49.7% | 168.1% |
| Free Cash Flow | -$4M | -$2M | -$2M | -59.4% | -85.7% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $12M |
| R&D Expenses | $2M |
| Selling & Marketing | $6M |
| General & Administrative | $3M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $701.0K |
| Other Income/Expenses | -$955.0K |
| INCOME BEFORE TAX | $391.0K |
| Income Tax Expense | $102.0K |
| Net Income from Continuing Ops | $289.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $289.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $289.0K |
| D&A | $801.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $12M |
| R&D Expenses | $2M |
| Selling & Marketing | $6M |
| General & Administrative | $3M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $701.0K |
| Other Income/Expenses | -$955.0K |
| INCOME BEFORE TAX | $391.0K |
| Income Tax Expense | $102.0K |
| Net Income from Continuing Ops | $289.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $289.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $289.0K |
| D&A | $801.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $289.0K |
| Depreciation & Amortization | $801.0K |
| Stock-Based Compensation | $405.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$59.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$496.0K |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $211.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $50M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $81M |
| PP&E (Net) | $15M |
| Goodwill | $18M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $140M |
| Account Payables | $10M |
| Short-Term Debt | $22M |
| Deferred Revenue | $362.0K |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $79.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $59M |
| Common Stock | $534.0K |
| Additional Paid-In Capital | $61M |
| Retained Earnings | $58M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $81M |
| Minority Interest | $0 |
| TOTAL EQUITY | $81M |
| TOTAL LIABILITIES & EQUITY | $140M |
| Total Debt | $34M |
| Net Debt | $30M |
