| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $72M | $71M | 6.6% | 8.4% |
| Op. Income | $12M | $11M | $11M | 0.4% | 2.4% |
| Gross Margin | 38.8% | 40.4% | 37.5% | -1.6pp | 1.3pp |
| Net Margin | 11.3% | 10.8% | 11.5% | 0.5pp | -0.1pp |
| EPS (Diluted) | $0.32 | $0.28 | $0.30 | 14.3% | 6.7% |
| Free Cash Flow | $2M | $25M | -$4M | -92.5% | 144.7% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $30M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $102.0K |
| Operating Expenses | $18M |
| Cost & Expenses | $66M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $472.0K |
| Other Income/Expenses | -$472.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $942.0K |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $30M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $102.0K |
| Operating Expenses | $18M |
| Cost & Expenses | $66M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $472.0K |
| Other Income/Expenses | -$472.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $942.0K |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $942.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $183.0K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$948.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$948.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $74M |
| PP&E (Net) | $21M |
| Goodwill | $84M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $283.0K |
| TOTAL NON-CURRENT ASSETS | $106M |
| TOTAL ASSETS | $179M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $31M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $86M |
| Common Stock | $61.0K |
| Additional Paid-In Capital | $316M |
| Retained Earnings | $67M |
| Treasury Stock | -$276M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $93M |
| Minority Interest | $0 |
| TOTAL EQUITY | $93M |
| TOTAL LIABILITIES & EQUITY | $179M |
| Total Debt | $32M |
| Net Debt | $19M |
