| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $7M | 8.4% | 14.8% |
| Op. Income | $1M | $1M | $2M | 4.2% | -11.8% |
| Gross Margin | 59.5% | 64.6% | 58.5% | -5.1pp | 1.0pp |
| Net Margin | 17.9% | 17.3% | 19.6% | 0.6pp | -1.7pp |
| EPS (Diluted) | $0.08 | $0.07 | $0.08 | 10.7% | 2.9% |
| Free Cash Flow | -$1M | $348.1K | $3M | -490.4% | -146.8% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $5M |
| R&D Expenses | $851.3K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $1M |
| Interest Income | $185.7K |
| Interest Expense | $0 |
| Other Income/Expenses | $275.7K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $340.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $87.5K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $5M |
| R&D Expenses | $851.3K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $1M |
| Interest Income | $185.7K |
| Interest Expense | $0 |
| Other Income/Expenses | $275.7K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $340.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $87.5K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $87.5K |
| Stock-Based Compensation | $214.1K |
| Deferred Income Tax | -$50.9K |
| Other Non-Cash Items | $44.4K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$84.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$36M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $6M |
| Other Current Assets | $775.3K |
| TOTAL CURRENT ASSETS | $26M |
| PP&E (Net) | $10M |
| Goodwill | $5M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $643.7K |
| Other Non-Current Assets | $179.9K |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $62M |
| Account Payables | $767.1K |
| Short-Term Debt | $2M |
| Deferred Revenue | $103.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $420.9K |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $27M |
| Common Stock | $19.5K |
| Additional Paid-In Capital | $54M |
| Retained Earnings | $3M |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $62M |
| Total Debt | $20M |
| Net Debt | $17M |
