| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $18M | $17M | -13.5% | -8.1% |
| Op. Income | -$306.0K | $575.0K | $361.0K | -153.2% | -184.8% |
| Gross Margin | 33.8% | 33.5% | 36.2% | 0.4pp | -2.4pp |
| Net Margin | 9.2% | 14.2% | 8.5% | -5.0pp | 0.7pp |
| EPS (Diluted) | $0.15 | $0.26 | $0.33 | -42.3% | -54.5% |
| Free Cash Flow | $9M | -$456.0K | $2M | 2039.5% | 261.9% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $5M |
| R&D Expenses | $705.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$306.0K |
| Interest Income | $473.0K |
| Interest Expense | $54.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $1M |
| 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 | $211.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $211.0K |
| Stock-Based Compensation | $295.0K |
| Deferred Income Tax | -$293.0K |
| Other Non-Cash Items | $5.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$11.0K |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $207.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$190.0K |
| Other Financing Activities | $182.0K |
| NET CASH FROM FINANCING | $199.0K |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $50M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $46.0K |
| Long-Term Investments | $4M |
| Tax Assets | $3M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $66M |
| Account Payables | $7M |
| Short-Term Debt | $2M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $991.0K |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $21M |
| Retained Earnings | $31M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $3M |
| Net Debt | -$22M |
