| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $11M | $10M | 22.4% | 28.0% |
| Op. Income | $392.0K | $325.0K | -$6M | 20.6% | 106.6% |
| Gross Margin | 31.1% | 32.6% | -27.5% | -1.6pp | 58.5pp |
| Net Margin | 1.9% | -3.0% | -67.4% | 4.9pp | 69.3pp |
| EPS (Diluted) | $0.03 | $-0.03 | $-0.74 | 177.8% | 103.6% |
| Free Cash Flow | -$805.0K | $2M | -$260.0K | -135.7% | -209.6% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $4M |
| R&D Expenses | $658.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $2.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $392.0K |
| Interest Income | $0 |
| Interest Expense | $75.0K |
| Other Income/Expenses | -$78.0K |
| INCOME BEFORE TAX | $314.0K |
| Income Tax Expense | $68.0K |
| Net Income from Continuing Ops | $246.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $246.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $246.0K |
| D&A | $608.5K |
| EBIT | $388.0K |
| EBITDA | $996.5K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $4M |
| R&D Expenses | $658.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $2.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $392.0K |
| Interest Income | $0 |
| Interest Expense | $75.0K |
| Other Income/Expenses | -$78.0K |
| INCOME BEFORE TAX | $314.0K |
| Income Tax Expense | $68.0K |
| Net Income from Continuing Ops | $246.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $246.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $246.0K |
| D&A | $608.5K |
| EBIT | $388.0K |
| EBITDA | $996.5K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $246.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $197.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$773.0K |
| Capital Expenditure | -$32.0K |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$32.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$805.0K |
| Net Change in Cash | -$805.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $21M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $14M |
| Goodwill | $617.0K |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $16M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $42M |
| TOTAL ASSETS | $91M |
| Account Payables | $1M |
| Short-Term Debt | $2M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $58M |
| Common Stock | $9M |
| Additional Paid-In Capital | $49M |
| Retained Earnings | -$26M |
| Treasury Stock | -$3.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $91M |
| Total Debt | $8M |
| Net Debt | -$4M |
