| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $45M | $77M | 45.5% | -15.5% |
| Op. Income | $13M | $5M | $23M | 169.5% | -43.6% |
| Gross Margin | 32.8% | 31.1% | 39.3% | 1.7pp | -6.5pp |
| Net Margin | 14.7% | 8.8% | 20.1% | 5.9pp | -5.5pp |
| EPS (Diluted) | $0.20 | $0.08 | $0.33 | 150.0% | -39.4% |
| Free Cash Flow | -$2M | $14M | $10M | -113.9% | -118.5% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $698.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $214.0K |
| Other Income/Expenses | -$214.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $1M |
| EBIT | $13M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $698.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $214.0K |
| Other Income/Expenses | -$214.0K |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $1M |
| EBIT | $13M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $279.0K |
| Deferred Income Tax | -$853.0K |
| Other Non-Cash Items | $617.0K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$933.0K |
| Capital Expenditure | -$960.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$960.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3.0K |
| NET CASH FROM FINANCING | -$2.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $38M |
| Inventory | $148M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $203M |
| PP&E (Net) | $26M |
| Goodwill | $48M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $91M |
| TOTAL ASSETS | $294M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $56M |
| Common Stock | $455.0K |
| Additional Paid-In Capital | $118M |
| Retained Earnings | $120M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $239M |
| Minority Interest | $0 |
| TOTAL EQUITY | $239M |
| TOTAL LIABILITIES & EQUITY | $294M |
| Total Debt | $6M |
| Net Debt | -$4M |
