| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $159M | $169M | $178M | -6.0% | -10.7% |
| Op. Income | $25M | $27M | $22M | -10.4% | 11.1% |
| Gross Margin | 35.0% | 32.9% | 29.0% | 2.0pp | 6.0pp |
| Net Margin | 12.3% | 16.5% | 9.3% | -4.2pp | 2.9pp |
| EPS (Diluted) | $1.46 | $2.19 | $1.27 | -33.3% | 15.0% |
| Free Cash Flow | $38M | $21M | $11M | 86.3% | 251.8% |
| Item | Amount |
|---|---|
| REVENUE | $159M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $55M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $2M |
| Operating Expenses | $31M |
| Cost & Expenses | $134M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $512.0K |
| Other Income/Expenses | -$743.0K |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $3M |
| EBIT | $24M |
| EBITDA | $28M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $159M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $55M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $2M |
| Operating Expenses | $31M |
| Cost & Expenses | $134M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $512.0K |
| Other Income/Expenses | -$743.0K |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $3M |
| EBIT | $24M |
| EBITDA | $28M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $861.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $242.0K |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$135.0K |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$832.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$832.0K |
| FREE CASH FLOW | $38M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $111M |
| Inventory | $140M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $363M |
| PP&E (Net) | $60M |
| Goodwill | $25M |
| Intangible Assets | $51M |
| Long-Term Investments | $10M |
| Tax Assets | $12M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $196M |
| TOTAL ASSETS | $559M |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $118M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $973.0K |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $120M |
| TOTAL LIABILITIES | $238M |
| Common Stock | $1M |
| Additional Paid-In Capital | $43M |
| Retained Earnings | $296M |
| Treasury Stock | -$349.0K |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $321M |
| Minority Interest | $0 |
| TOTAL EQUITY | $321M |
| TOTAL LIABILITIES & EQUITY | $559M |
| Total Debt | $82M |
| Net Debt | -$18M |
