| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $13M | $13M | 33.5% | 32.9% |
| Op. Income | $575.0K | $237.0K | $19.0K | 142.6% | 2926.3% |
| Gross Margin | 33.5% | 37.6% | 37.3% | -4.1pp | -3.9pp |
| Net Margin | 14.2% | 2.4% | 5.1% | 11.8pp | 9.1pp |
| EPS (Diluted) | $0.26 | $0.03 | $0.15 | 669.2% | 73.3% |
| Free Cash Flow | -$456.0K | -$435.0K | -$1M | -4.8% | 57.8% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $6M |
| R&D Expenses | $741.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $21.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $17M |
| OPERATING INCOME | $575.0K |
| Interest Income | $401.0K |
| Interest Expense | $82.0K |
| Other Income/Expenses | $247.0K |
| INCOME BEFORE TAX | $822.0K |
| Income Tax Expense | -$2M |
| 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 | $2M |
| D&A | $244.0K |
| EBIT | $904.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $6M |
| R&D Expenses | $741.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $21.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $17M |
| OPERATING INCOME | $575.0K |
| Interest Income | $401.0K |
| Interest Expense | $82.0K |
| Other Income/Expenses | $247.0K |
| INCOME BEFORE TAX | $822.0K |
| Income Tax Expense | -$2M |
| 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 | $2M |
| D&A | $244.0K |
| EBIT | $904.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $244.0K |
| Stock-Based Compensation | $293.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$47.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$422.0K |
| Capital Expenditure | -$34.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$32.0K |
| Common Stock Repurchased | -$6.0K |
| Common Dividends Paid | -$188.0K |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | -$226.0K |
| FREE CASH FLOW | -$456.0K |
| Net Change in Cash | $536.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $2M |
| Net Receivables | $24M |
| Inventory | $4M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $49M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $50.0K |
| Long-Term Investments | $8.0K |
| Tax Assets | $2M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $68M |
| Account Payables | $14M |
| Short-Term Debt | $2M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $20M |
| Retained Earnings | $30M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44M |
| Minority Interest | $0 |
| TOTAL EQUITY | $44M |
| TOTAL LIABILITIES & EQUITY | $68M |
| Total Debt | $2M |
| Net Debt | -$11M |
