| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $48M | $28M | -14.2% | 45.4% |
| Op. Income | $3M | $6M | $4M | -43.8% | -18.1% |
| Gross Margin | 12.5% | 13.3% | 18.9% | -0.8pp | -6.4pp |
| Net Margin | 6.7% | 10.3% | 11.1% | -3.6pp | -4.4pp |
| EPS (Diluted) | $0.07 | $0.12 | $0.08 | -45.3% | -13.2% |
| Free Cash Flow | $2M | $1M | $4M | 46.6% | -56.5% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $726.3K |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $13.4K |
| Other Income/Expenses | $528.8K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $442.2K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $726.3K |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $13.4K |
| Other Income/Expenses | $528.8K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $442.2K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $442.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $443.0K |
| Other Non-Cash Items | $101.1K |
| Change in Working Capital | -$679.7K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$54.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $899.3K |
| NET CASH FROM FINANCING | $939.3K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $32M |
| PP&E (Net) | $93M |
| Goodwill | $0 |
| Intangible Assets | $119.2K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $95M |
| TOTAL ASSETS | $126M |
| Account Payables | $6M |
| Short-Term Debt | $20M |
| Deferred Revenue | $415.2K |
| Other Current Liabilities | $967.1K |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $67M |
| TOTAL LIABILITIES | $98M |
| Common Stock | $400 |
| Additional Paid-In Capital | $9M |
| Retained Earnings | $19M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $126M |
| Total Debt | $86M |
| Net Debt | $77M |
