| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $125M | $135M | $142M | -7.4% | -12.4% |
| Op. Income | $16M | $22M | $21M | -27.3% | -21.1% |
| Gross Margin | 32.9% | 35.2% | 34.8% | -2.3pp | -1.9pp |
| Net Margin | 12.3% | 10.4% | 10.5% | 1.9pp | 1.8pp |
| EPS (Diluted) | $0.49 | $0.44 | $0.47 | 11.4% | 4.3% |
| Free Cash Flow | $29M | $19M | $20M | 47.4% | 40.1% |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $41M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $822.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $7M |
| EBIT | $19M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $41M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $822.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $7M |
| EBIT | $19M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $540.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $206.0K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$14.0K |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $164M |
| Short-Term Investments | $0 |
| Net Receivables | $79M |
| Inventory | $60M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $319M |
| PP&E (Net) | $119M |
| Goodwill | $158M |
| Intangible Assets | $104M |
| Long-Term Investments | $706.0K |
| Tax Assets | $25M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $422M |
| TOTAL ASSETS | $741M |
| Account Payables | $43M |
| Short-Term Debt | $4M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $97M |
| Long-Term Debt | $68M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $117M |
| TOTAL LIABILITIES | $214M |
| Common Stock | $319M |
| Additional Paid-In Capital | $45M |
| Retained Earnings | $602M |
| Treasury Stock | -$444M |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $527M |
| Minority Interest | $0 |
| TOTAL EQUITY | $527M |
| TOTAL LIABILITIES & EQUITY | $741M |
| Total Debt | $97M |
| Net Debt | -$67M |
