| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $128M | $133M | $111M | -4.3% | 14.5% |
| Op. Income | $14M | $10M | $10M | 31.5% | 38.2% |
| Gross Margin | 50.0% | 49.8% | 45.6% | 0.3pp | 4.4pp |
| Net Margin | 10.5% | 7.4% | 7.8% | 3.1pp | 2.7pp |
| EPS (Diluted) | $0.20 | $0.14 | $0.14 | 42.9% | 42.9% |
| Free Cash Flow | -$3M | $9M | $7M | -130.6% | -139.2% |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $4M |
| Operating Expenses | $50M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $143.0K |
| Other Income/Expenses | -$143.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $103.0K |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $4M |
| Operating Expenses | $50M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $143.0K |
| Other Income/Expenses | -$143.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $103.0K |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $491.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$332.0K |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $97M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $114M |
| PP&E (Net) | $172M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $560.0K |
| TOTAL NON-CURRENT ASSETS | $174M |
| TOTAL ASSETS | $287M |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $125M |
| TOTAL LIABILITIES | $219M |
| Common Stock | $773.0K |
| Additional Paid-In Capital | $321M |
| Retained Earnings | -$150M |
| Treasury Stock | -$98M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $68M |
| Minority Interest | $0 |
| TOTAL EQUITY | $68M |
| TOTAL LIABILITIES & EQUITY | $287M |
| Total Debt | $155M |
| Net Debt | $148M |
