| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $24M | $18M | 8.7% | 47.2% |
| Op. Income | $1M | $1M | $1M | -4.3% | 17.6% |
| Gross Margin | 37.4% | 37.8% | 41.8% | -0.4pp | -4.4pp |
| Net Margin | 3.8% | 2.7% | 4.0% | 1.0pp | -0.2pp |
| EPS (Diluted) | $0.07 | $0.05 | $0.05 | 40.0% | 40.0% |
| Free Cash Flow | $2M | -$5M | -$94.0K | 145.2% | 2700.0% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $10M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $25M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $83.0K |
| Other Income/Expenses | -$83.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $160.0K |
| Net Income from Continuing Ops | $997.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $997.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $997.0K |
| D&A | $430.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $10M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $25M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $83.0K |
| Other Income/Expenses | -$83.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $160.0K |
| Net Income from Continuing Ops | $997.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $997.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $997.0K |
| D&A | $430.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $997.0K |
| Depreciation & Amortization | $430.0K |
| Stock-Based Compensation | $103.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $101.0K |
| Change in Working Capital | $858.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$45.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$45.0K |
| Net Debt Issuance | -$97.0K |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $69.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$122.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $24M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $85M |
| PP&E (Net) | $22M |
| Goodwill | $11M |
| Intangible Assets | $833.0K |
| Long-Term Investments | $0 |
| Tax Assets | $671.0K |
| Other Non-Current Assets | $624.0K |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $120M |
| Account Payables | $10M |
| Short-Term Debt | $401.0K |
| Deferred Revenue | $4M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $140.0K |
| Additional Paid-In Capital | $124M |
| Retained Earnings | -$40M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $251.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $120M |
| Total Debt | $14M |
| Net Debt | -$19M |
