| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $48M | $46M | 0.7% | 5.3% |
| Op. Income | $28M | $27M | $27M | 2.1% | 3.2% |
| Gross Margin | 97.9% | 98.4% | 96.9% | -0.5pp | 1.0pp |
| Net Margin | 24.8% | 44.6% | 47.2% | -19.9pp | -22.4pp |
| EPS (Diluted) | $0.12 | $0.22 | $0.23 | -45.5% | -47.8% |
| Free Cash Flow | $46M | $34M | $40M | 34.8% | 15.0% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $14M |
| Operating Expenses | $19M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $28M |
| Interest Income | $518.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $14M |
| EBIT | $18M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $14M |
| Operating Expenses | $19M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $28M |
| Interest Income | $518.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $14M |
| EBIT | $18M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$36M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$270M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$304M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$293M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $37M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $27M |
| Short-Term Debt | $80M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $593M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $593M |
| TOTAL LIABILITIES | $726M |
| Common Stock | $963.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$275M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $918M |
| Minority Interest | $0 |
| TOTAL EQUITY | $918M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $673M |
| Net Debt | $655M |
