| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $25M | $24M | -6.5% | -2.3% |
| Op. Income | $4M | $4M | $6M | -5.6% | -31.9% |
| Gross Margin | 45.7% | 48.8% | 47.3% | -3.1pp | -1.6pp |
| Net Margin | 8.8% | 9.0% | 16.4% | -0.2pp | -7.6pp |
| EPS (Diluted) | $0.29 | $0.55 | $0.55 | -47.3% | -47.3% |
| Free Cash Flow | $2M | $4M | $111.0K | -59.8% | 1530.6% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $11M |
| R&D Expenses | $349.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $6M |
| Operating Expenses | $7M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $14.0K |
| Other Income/Expenses | $148.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $11M |
| R&D Expenses | $349.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $6M |
| Operating Expenses | $7M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $14.0K |
| Other Income/Expenses | $148.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$939.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$963.0K |
| Net Debt Issuance | -$57.0K |
| Common Stock Repurchased | -$122.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$27.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $32.0K |
| Net Receivables | $67M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $119M |
| PP&E (Net) | $57M |
| Goodwill | $4M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $12M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $198M |
| Account Payables | $773.0K |
| Short-Term Debt | $42.0K |
| Deferred Revenue | $5M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $148.0K |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $216.0K |
| Other Non-Current Liabilities | $183.0K |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $51M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $185M |
| Retained Earnings | -$32M |
| Treasury Stock | -$797.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $152M |
| Minority Interest | -$5M |
| TOTAL EQUITY | $147M |
| TOTAL LIABILITIES & EQUITY | $198M |
| Total Debt | $38M |
| Net Debt | -$10M |
