| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $75M | $78M | $66M | -4.3% | 12.2% |
| Op. Income | $7M | $9M | $4M | -18.7% | 85.4% |
| Gross Margin | 37.0% | 36.2% | 38.5% | 0.8pp | -1.6pp |
| Net Margin | 8.1% | 7.6% | 142.7% | 0.5pp | -134.6pp |
| EPS (Diluted) | $0.51 | $0.49 | $8.00 | 4.1% | -93.6% |
| Free Cash Flow | -$9M | -$3M | $3M | -168.8% | -400.8% |
| Item | Amount |
|---|---|
| REVENUE | $75M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $28M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | -$72.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$175.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $1M |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $75M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $28M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | -$72.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $67M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$175.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $1M |
| EBIT | $7M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $840.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $443.0K |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$230.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$208.0K |
| NET CASH FROM INVESTING | -$438.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $345.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $122M |
| Inventory | $30M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $197M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $98M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $123M |
| TOTAL ASSETS | $320M |
| Account Payables | $41M |
| Short-Term Debt | $0 |
| Deferred Revenue | $38M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $106M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $324.0K |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $122M |
| Common Stock | $112.0K |
| Additional Paid-In Capital | $822M |
| Retained Earnings | -$604M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $197M |
| Minority Interest | $0 |
| TOTAL EQUITY | $197M |
| TOTAL LIABILITIES & EQUITY | $320M |
| Total Debt | $3M |
| Net Debt | -$28M |
