| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $13M | $10M | 5.5% | 38.1% |
| Op. Income | $10M | $10M | $7M | 7.2% | 45.5% |
| Gross Margin | 88.3% | 87.2% | 85.4% | 1.1pp | 2.9pp |
| Net Margin | 35.7% | 18.2% | 28.7% | 17.5pp | 7.0pp |
| EPS (Diluted) | $0.14 | $0.06 | $0.08 | 122.9% | 78.3% |
| Free Cash Flow | -$6M | -$8M | -$11M | 20.9% | 45.7% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $259.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $855.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $3M |
| EBIT | $9M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $259.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $855.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $3M |
| EBIT | $9M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $259.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $213.0K |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $609.0K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $97.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $598.0K |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $4.3K |
| Other Current Assets | -$4.3K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $217M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $78.0K |
| TOTAL NON-CURRENT ASSETS | $217M |
| TOTAL ASSETS | $224M |
| Account Payables | $18M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$934.5K |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $54M |
| Common Stock | $296M |
| Additional Paid-In Capital | $24M |
| Retained Earnings | -$150M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $170M |
| Minority Interest | $0 |
| TOTAL EQUITY | $170M |
| TOTAL LIABILITIES & EQUITY | $224M |
| Total Debt | $32M |
| Net Debt | $31M |
