Reported September 30, 2023
| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | — | $17M | — | 29.1% |
| Op. Income | $2M | — | $2M | — | -34.3% |
| Gross Margin | 10.2% | — | 14.6% | — | -4.5pp |
| Net Margin | 5.5% | — | 11.2% | — | -5.7pp |
| EPS (Diluted) | $0.06 | — | $0.10 | — | -36.5% |
| Free Cash Flow | -$1M | — | -$2M | — | 55.3% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $16.5K |
| General & Administrative | $737.4K |
| SG&A Expenses | $753.9K |
| Other Expenses | $0 |
| Operating Expenses | $753.9K |
| Cost & Expenses | $21M |
| OPERATING INCOME | $2M |
| Interest Income | $1.6K |
| Interest Expense | -$4.7K |
| Other Income/Expenses | $33.1K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $324.6K |
| 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 | $1M |
| D&A | $3.5K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $16.5K |
| General & Administrative | $737.4K |
| SG&A Expenses | $753.9K |
| Other Expenses | $0 |
| Operating Expenses | $753.9K |
| Cost & Expenses | $21M |
| OPERATING INCOME | $2M |
| Interest Income | $1.6K |
| Interest Expense | -$4.7K |
| Other Income/Expenses | $33.1K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $324.6K |
| 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 | $1M |
| D&A | $3.5K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $892 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $605.7K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$1.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.5K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$554.5K |
| NET CASH FROM FINANCING | -$554.5K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | -$47.4K |
| Inventory | $6M |
| Other Current Assets | $47.4K |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $15.9K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $554.2K |
| TOTAL NON-CURRENT ASSETS | $570.1K |
| TOTAL ASSETS | $11M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $351.7K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.4K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.4K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $9M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $11M |
| Total Debt | $0 |
| Net Debt | -$4M |