| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55M | $49M | $42M | 11.6% | 30.8% |
| Op. Income | $2M | $1M | $2M | 70.4% | 16.4% |
| Gross Margin | 17.5% | 17.1% | 18.1% | 0.5pp | -0.5pp |
| Net Margin | 5.3% | 3.4% | 4.6% | 1.9pp | 0.8pp |
| EPS (Diluted) | $0.25 | $0.16 | $0.19 | 56.3% | 31.6% |
| Free Cash Flow | -$852.0K | -$8M | -$614.0K | 88.7% | -38.8% |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $145.0K |
| Operating Expenses | $7M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $2M |
| Interest Income | $879.0K |
| Interest Expense | $16.0K |
| Other Income/Expenses | $863.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $167.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $2M |
| EBIT | $3M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $145.0K |
| Operating Expenses | $7M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $2M |
| Interest Income | $879.0K |
| Interest Expense | $16.0K |
| Other Income/Expenses | $863.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $167.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $2M |
| EBIT | $3M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $43.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$543.0K |
| Sales/Maturities of Investments | $750.0K |
| Other Investing Activities | -$230.0K |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$52.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$64M |
| NET CASH FROM FINANCING | $894.0K |
| FREE CASH FLOW | -$852.0K |
| Net Change in Cash | -$777.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $9M |
| Net Receivables | $5M |
| Inventory | $2M |
| Other Current Assets | $536.0K |
| TOTAL CURRENT ASSETS | $89M |
| PP&E (Net) | $210M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $215M |
| TOTAL ASSETS | $305M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $615.0K |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $140M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $189M |
| Retained Earnings | -$24M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $43.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $165M |
| Minority Interest | $0 |
| TOTAL EQUITY | $165M |
| TOTAL LIABILITIES & EQUITY | $305M |
| Total Debt | $120M |
| Net Debt | $50M |
