| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $112M | $106M | $110M | 5.2% | 1.8% |
| Op. Income | $19M | $5M | $7M | 249.7% | 182.8% |
| Gross Margin | 42.1% | 37.5% | 30.7% | 4.6pp | 11.4pp |
| Net Margin | 12.7% | 6.4% | 6.1% | 6.4pp | 6.6pp |
| EPS (Diluted) | $0.24 | $0.11 | $0.12 | 118.2% | 100.0% |
| Free Cash Flow | -$391.0K | $37M | $9M | -101.1% | -104.4% |
| Item | Amount |
|---|---|
| REVENUE | $112M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $93M |
| OPERATING INCOME | $19M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$944.0K |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $162.0K |
| EBIT | $18M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $112M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $93M |
| OPERATING INCOME | $19M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$944.0K |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $162.0K |
| EBIT | $18M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $162.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$267.0K |
| Capital Expenditure | -$124.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$124.0K |
| Net Debt Issuance | -$4.0K |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $153.0K |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$391.0K |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $58M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $267M |
| PP&E (Net) | $3M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | -$7M |
| Tax Assets | $7M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $289M |
| Account Payables | $18M |
| Short-Term Debt | $11.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $10.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $340.0K |
| TOTAL NON-CURRENT LIABILITIES | $350.0K |
| TOTAL LIABILITIES | $79M |
| Common Stock | $633.0K |
| Additional Paid-In Capital | $164M |
| Retained Earnings | $115M |
| Treasury Stock | -$69M |
| Accum. Other Comp. Income | -$661.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $210M |
| Minority Interest | $0 |
| TOTAL EQUITY | $210M |
| TOTAL LIABILITIES & EQUITY | $289M |
| Total Debt | $21.0K |
| Net Debt | -$123M |
