| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $138M | $140M | $124M | -1.1% | 11.3% |
| Op. Income | $24M | $21M | $9M | 12.8% | 173.0% |
| Gross Margin | 40.7% | 36.6% | 26.3% | 4.1pp | 14.4pp |
| Net Margin | 11.0% | 12.9% | 5.9% | -1.9pp | 5.1pp |
| EPS (Diluted) | $0.26 | $0.31 | $0.13 | -16.1% | 100.0% |
| Free Cash Flow | $44M | $17M | $15M | 164.3% | 189.8% |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $24M |
| Interest Income | $824.0K |
| Interest Expense | $1.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $568.0K |
| EBIT | $19M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $24M |
| Interest Income | $824.0K |
| Interest Expense | $1.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $568.0K |
| EBIT | $19M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $568.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$46.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$46.0K |
| Net Debt Issuance | -$6.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $50M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $247M |
| PP&E (Net) | $4M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $268M |
| Account Payables | $21M |
| Short-Term Debt | $15.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $15.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $76M |
| Common Stock | $629.0K |
| Additional Paid-In Capital | $158M |
| Retained Earnings | $94M |
| Treasury Stock | -$59M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $193M |
| Minority Interest | $0 |
| TOTAL EQUITY | $193M |
| TOTAL LIABILITIES & EQUITY | $268M |
| Total Debt | $2M |
| Net Debt | -$93M |
