| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $12M | $10M | 25.0% | 37.8% |
| Op. Income | $2M | $160.0K | -$1M | 1135.0% | 263.0% |
| Gross Margin | 51.8% | 45.8% | 44.5% | 6.0pp | 7.3pp |
| Net Margin | 9.8% | -16.7% | -12.7% | 26.5pp | 22.5pp |
| EPS (Diluted) | $0.14 | $-0.22 | $-0.20 | 163.6% | 170.0% |
| Free Cash Flow | -$4M | $1M | -$865.0K | -492.2% | -365.7% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $7M |
| R&D Expenses | $438.0K |
| Selling & Marketing | $2M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $828.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $668.0K |
| Other Income/Expenses | -$547.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $10.0K |
| 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 | $828.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $7M |
| R&D Expenses | $438.0K |
| Selling & Marketing | $2M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $828.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $12M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $668.0K |
| Other Income/Expenses | -$547.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $10.0K |
| 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 | $828.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $828.0K |
| Stock-Based Compensation | $24.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $158.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$889.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$889.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $3M |
| Other Current Assets | $665.0K |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $2M |
| Goodwill | $26M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $112.0K |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $71M |
| Account Payables | $8M |
| Short-Term Debt | $4M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $42M |
| Common Stock | $104.0K |
| Additional Paid-In Capital | $82M |
| Retained Earnings | -$53M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29M |
| Minority Interest | $0 |
| TOTAL EQUITY | $29M |
| TOTAL LIABILITIES & EQUITY | $71M |
| Total Debt | $15M |
| Net Debt | $12M |
