| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $37M | $30M | -5.7% | 18.7% |
| Op. Income | $1M | $4M | -$2M | -68.7% | 172.3% |
| Gross Margin | 35.8% | 35.4% | 39.3% | 0.4pp | -3.5pp |
| Net Margin | 3.2% | 9.4% | -6.6% | -6.2pp | 9.8pp |
| EPS (Diluted) | $0.08 | $0.24 | $-0.14 | -68.3% | 154.3% |
| Free Cash Flow | $3M | $3M | -$1M | -10.1% | 301.7% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $13M |
| R&D Expenses | $985.0K |
| Selling & Marketing | $2M |
| General & Administrative | $6M |
| SG&A Expenses | $8M |
| Other Expenses | $2M |
| Operating Expenses | $11M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $1M |
| Interest Income | $5.0K |
| Interest Expense | $100.0K |
| Other Income/Expenses | -$12.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $64.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $3M |
| EBIT | $1M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $13M |
| R&D Expenses | $985.0K |
| Selling & Marketing | $2M |
| General & Administrative | $6M |
| SG&A Expenses | $8M |
| Other Expenses | $2M |
| Operating Expenses | $11M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $1M |
| Interest Income | $5.0K |
| Interest Expense | $100.0K |
| Other Income/Expenses | -$12.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $64.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $3M |
| EBIT | $1M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $36.0K |
| Other Non-Cash Items | $772.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$544.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$775.0K |
| NET CASH FROM FINANCING | -$342.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$204.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $417.0K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $37M |
| PP&E (Net) | $12M |
| Goodwill | $61M |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $882.0K |
| TOTAL NON-CURRENT ASSETS | $104M |
| TOTAL ASSETS | $141M |
| Account Payables | $6M |
| Short-Term Debt | $95.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $390.0K |
| Deferred Tax Liabilities | $485.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $135M |
| Retained Earnings | -$30M |
| Treasury Stock | -$662.0K |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $102M |
| Minority Interest | $0 |
| TOTAL EQUITY | $102M |
| TOTAL LIABILITIES & EQUITY | $141M |
| Total Debt | $14M |
| Net Debt | $5M |
