| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | $66M | $59M | 5.8% | 18.5% |
| Op. Income | $12M | $12M | $13M | -0.8% | -8.1% |
| Gross Margin | 69.0% | 72.5% | 93.3% | -3.6pp | -24.3pp |
| Net Margin | 13.1% | 13.8% | 16.3% | -0.7pp | -3.2pp |
| EPS (Diluted) | $0.45 | $0.45 | $0.47 | 0.0% | -4.3% |
| Free Cash Flow | $12M | $14M | $36M | -12.7% | -65.9% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $750.0K |
| General & Administrative | $19M |
| SG&A Expenses | $20M |
| Other Expenses | $17M |
| Operating Expenses | $37M |
| Cost & Expenses | $58M |
| OPERATING INCOME | $12M |
| Interest Income | $42M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $196.0K |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $750.0K |
| General & Administrative | $19M |
| SG&A Expenses | $20M |
| Other Expenses | $17M |
| Operating Expenses | $37M |
| Cost & Expenses | $58M |
| OPERATING INCOME | $12M |
| Interest Income | $42M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $196.0K |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $196.0K |
| Stock-Based Compensation | $377.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$49.0K |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$386.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | -$74M |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | $23M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$747.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $640M |
| Net Receivables | $16M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $720M |
| PP&E (Net) | $23M |
| Goodwill | $47M |
| Intangible Assets | $21M |
| Long-Term Investments | $2.9B |
| Tax Assets | $48M |
| Other Non-Current Assets | $120M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $0 |
| Short-Term Debt | $515M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.9B |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $59M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $20M |
| Additional Paid-In Capital | $152M |
| Retained Earnings | $291M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$113M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $349M |
| Minority Interest | $0 |
| TOTAL EQUITY | $349M |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $581M |
| Net Debt | $516M |
