| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $78M | $82M | $76M | -4.0% | 2.9% |
| Op. Income | $3M | $2M | $4M | 117.4% | -10.5% |
| Gross Margin | 18.2% | 16.8% | 17.7% | 1.4pp | 0.5pp |
| Net Margin | 3.0% | 1.7% | 2.9% | 1.3pp | 0.1pp |
| EPS (Diluted) | $0.52 | $0.31 | $0.50 | 67.7% | 4.0% |
| Free Cash Flow | $8M | -$16M | $6M | 148.1% | 32.8% |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $863.0K |
| Operating Expenses | $11M |
| Cost & Expenses | $75M |
| OPERATING INCOME | $3M |
| Interest Income | $318.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $178.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $61.0K |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $718.0K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $863.0K |
| Operating Expenses | $11M |
| Cost & Expenses | $75M |
| OPERATING INCOME | $3M |
| Interest Income | $318.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $178.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $61.0K |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $718.0K |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $718.0K |
| Stock-Based Compensation | $687.0K |
| Deferred Income Tax | -$17.0K |
| Other Non-Cash Items | -$2.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$130.0K |
| Common Stock Repurchased | -$248.0K |
| Common Dividends Paid | -$753.0K |
| Other Financing Activities | -$54.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $126M |
| Inventory | $3M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $184M |
| PP&E (Net) | $8M |
| Goodwill | $19M |
| Intangible Assets | $18M |
| Long-Term Investments | $1M |
| Tax Assets | $448.0K |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $232M |
| Account Payables | $147M |
| Short-Term Debt | $535.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $156M |
| Long-Term Debt | $889.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $165M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $34M |
| Retained Earnings | $49M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $68M |
| Minority Interest | $0 |
| TOTAL EQUITY | $68M |
| TOTAL LIABILITIES & EQUITY | $232M |
| Total Debt | $3M |
| Net Debt | -$47M |
