| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $38M | $32M | -1.0% | 17.8% |
| Op. Income | $10M | $6M | $9M | 64.8% | 3.9% |
| Gross Margin | 66.9% | 64.0% | 64.0% | 3.0pp | 3.0pp |
| Net Margin | 25.2% | 14.6% | 28.0% | 10.6pp | -2.9pp |
| EPS (Diluted) | $1.23 | $0.72 | $1.17 | 70.8% | 5.1% |
| Free Cash Flow | $6M | $9M | $8M | -28.2% | -17.0% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $359.0K |
| Other Income/Expenses | -$349.0K |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $64.0K |
| 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 | $502.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $359.0K |
| Other Income/Expenses | -$349.0K |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $64.0K |
| 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 | $502.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $502.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $203.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$482.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$220.0K |
| NET CASH FROM INVESTING | -$482.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $938.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $9M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $91M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $838.0K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $99M |
| Account Payables | $7M |
| Short-Term Debt | $7M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $116M |
| Deferred Revenue NC | $872.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $195M |
| TOTAL NON-CURRENT LIABILITIES | $312M |
| TOTAL LIABILITIES | $336M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | -$154M |
| Retained Earnings | -$91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$246M |
| Minority Interest | $9M |
| TOTAL EQUITY | -$237M |
| TOTAL LIABILITIES & EQUITY | $99M |
| Total Debt | $123M |
| Net Debt | $51M |
