| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $135M | $145M | $152M | -7.3% | -11.4% |
| Op. Income | $22M | $21M | $23M | 6.8% | -4.1% |
| Gross Margin | 35.2% | 35.4% | 35.3% | -0.2pp | -0.1pp |
| Net Margin | 10.4% | 8.9% | 7.8% | 1.5pp | 2.6pp |
| EPS (Diluted) | $0.44 | $0.41 | $0.37 | 7.3% | 18.9% |
| Free Cash Flow | $19M | $19M | $58M | -0.5% | -66.6% |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $47M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $22M |
| Interest Income | $952.0K |
| Interest Expense | $997.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $7M |
| EBIT | $20M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $47M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $22M |
| Interest Income | $952.0K |
| Interest Expense | $997.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $7M |
| EBIT | $20M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$785.0K |
| Other Non-Cash Items | $139.0K |
| Change in Working Capital | $154.0K |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$376.0K |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$9.0K |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $160M |
| Short-Term Investments | $0 |
| Net Receivables | $90M |
| Inventory | $65M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $334M |
| PP&E (Net) | $120M |
| Goodwill | $154M |
| Intangible Assets | $104M |
| Long-Term Investments | $2M |
| Tax Assets | $24M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $420M |
| TOTAL ASSETS | $754M |
| Account Payables | $50M |
| Short-Term Debt | $4M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $77M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $128M |
| TOTAL LIABILITIES | $231M |
| Common Stock | $319M |
| Additional Paid-In Capital | $45M |
| Retained Earnings | $588M |
| Treasury Stock | -$429M |
| Accum. Other Comp. Income | -$675.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $523M |
| Minority Interest | $0 |
| TOTAL EQUITY | $523M |
| TOTAL LIABILITIES & EQUITY | $754M |
| Total Debt | $107M |
| Net Debt | -$53M |
