| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $35M | $41M | 5.1% | -9.4% |
| Op. Income | $5M | $5M | $8M | 13.3% | -35.2% |
| Gross Margin | 62.4% | 61.9% | 64.6% | 0.5pp | -2.2pp |
| Net Margin | 8.5% | 10.9% | 14.0% | -2.4pp | -5.5pp |
| EPS (Diluted) | $0.11 | $0.13 | $-0.01 | -15.4% | 1671.4% |
| Free Cash Flow | -$3M | -$1M | $22.0K | -159.4% | -13354.5% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $5M |
| Interest Income | $11.0K |
| Interest Expense | $182.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $937.0K |
| 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 | $3M |
| D&A | $5M |
| EBIT | $4M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $5M |
| Interest Income | $11.0K |
| Interest Expense | $182.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $937.0K |
| 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 | $3M |
| D&A | $5M |
| EBIT | $4M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $208.0K |
| Deferred Income Tax | $266.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$389.0K |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $1M |
| Net Receivables | $36M |
| Inventory | $11M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $66M |
| PP&E (Net) | $89M |
| Goodwill | $3M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $101M |
| TOTAL ASSETS | $167M |
| Account Payables | $17M |
| Short-Term Debt | $5M |
| Deferred Revenue | $44.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $75M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $95M |
| Retained Earnings | -$3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$736.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $167M |
| Total Debt | $43M |
| Net Debt | $29M |
