| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $61M | $95M | -18.9% | -47.7% |
| Op. Income | $2M | $6M | $22M | -69.5% | -92.3% |
| Gross Margin | 24.1% | 31.1% | 39.5% | -7.0pp | -15.3pp |
| Net Margin | 5.4% | 8.5% | 17.9% | -3.1pp | -12.5pp |
| EPS (Diluted) | $0.18 | $0.34 | $1.22 | -47.1% | -85.2% |
| Free Cash Flow | $5M | $2M | $8M | 190.7% | -40.9% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $330.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $568.0K |
| 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 | $2M |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $48M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $330.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $568.0K |
| 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 | $2M |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $128.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$266.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$265.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $130M |
| Net Receivables | $28M |
| Inventory | $98M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $296M |
| PP&E (Net) | $35M |
| Goodwill | $7M |
| Intangible Assets | $6M |
| Long-Term Investments | $6M |
| Tax Assets | $3M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $356M |
| Account Payables | $9M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $721.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $153.0K |
| Additional Paid-In Capital | $188M |
| Retained Earnings | $127M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$544.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $315M |
| Minority Interest | $0 |
| TOTAL EQUITY | $315M |
| TOTAL LIABILITIES & EQUITY | $356M |
| Total Debt | $16M |
| Net Debt | -$21M |
