| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | $77M | $72M | -1.6% | 5.3% |
| Op. Income | $14M | $13M | $14M | 7.5% | -2.1% |
| Gross Margin | 39.8% | 39.2% | 39.0% | 0.6pp | 0.8pp |
| Net Margin | 12.4% | 11.3% | 14.4% | 1.1pp | -2.0pp |
| EPS (Diluted) | $0.34 | $0.32 | $0.32 | 6.3% | 6.3% |
| Free Cash Flow | $6M | $7M | $9M | -8.4% | -31.5% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $30M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $814.0K |
| Other Income/Expenses | -$814.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $4M |
| 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 | $892.0K |
| EBIT | $14M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $30M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $814.0K |
| Other Income/Expenses | -$814.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $4M |
| 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 | $892.0K |
| EBIT | $14M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $910.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $7M |
| 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 | -$9M |
| Common Stock Repurchased | -$67.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $75M |
| PP&E (Net) | $22M |
| Goodwill | $84M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $282.0K |
| TOTAL NON-CURRENT ASSETS | $106M |
| TOTAL ASSETS | $181M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $53M |
| TOTAL LIABILITIES | $100M |
| Common Stock | $61.0K |
| Additional Paid-In Capital | $314M |
| Retained Earnings | $56M |
| Treasury Stock | -$275M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $81M |
| Minority Interest | $0 |
| TOTAL EQUITY | $81M |
| TOTAL LIABILITIES & EQUITY | $181M |
| Total Debt | $46M |
| Net Debt | $36M |
