| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $4M | 5.7% | 12.8% |
| Op. Income | $173.1K | $96.0K | -$1M | 80.2% | 115.1% |
| Gross Margin | 55.8% | 54.4% | 44.1% | 1.4pp | 11.7pp |
| Net Margin | 4.8% | 3.5% | -35.3% | 1.3pp | 40.1pp |
| EPS (Diluted) | $0.01 | $0.01 | $-0.08 | 0.0% | 112.8% |
| Free Cash Flow | $899.6K | -$49.1K | -$1M | 1932.3% | 173.5% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $648.5K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $173.1K |
| Interest Income | $26.5K |
| Interest Expense | $0 |
| Other Income/Expenses | $37.2K |
| INCOME BEFORE TAX | $210.3K |
| Income Tax Expense | $7.8K |
| Net Income from Continuing Ops | $202.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202.5K |
| D&A | $118.8K |
| EBIT | $173.1K |
| EBITDA | $291.8K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $648.5K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $173.1K |
| Interest Income | $26.5K |
| Interest Expense | $0 |
| Other Income/Expenses | $37.2K |
| INCOME BEFORE TAX | $210.3K |
| Income Tax Expense | $7.8K |
| Net Income from Continuing Ops | $202.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202.5K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202.5K |
| D&A | $118.8K |
| EBIT | $173.1K |
| EBITDA | $291.8K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $202.5K |
| Depreciation & Amortization | $118.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $10 |
| Other Non-Cash Items | $203.4K |
| Change in Working Capital | $407.3K |
| OPERATING CASH FLOW | $932.0K |
| Capital Expenditure | -$32.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $899.6K |
| Net Change in Cash | $899.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $5M |
| Other Current Assets | $241.4K |
| TOTAL CURRENT ASSETS | $29M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $56.4K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $109.1K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $38M |
| Account Payables | $985.9K |
| Short-Term Debt | $0 |
| Deferred Revenue | $525.9K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $129.6K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $129.6K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $52M |
| Retained Earnings | $4M |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $38M |
| Total Debt | $0 |
| Net Debt | -$21M |
