| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $52M | $44M | -3.0% | 13.8% |
| Op. Income | $32M | $35M | $29M | -8.5% | 9.5% |
| Gross Margin | 90.4% | 90.8% | 92.4% | -0.4pp | -1.9pp |
| Net Margin | 46.2% | 53.9% | 29.2% | -7.7pp | 17.0pp |
| EPS (Diluted) | $0.18 | $0.23 | $0.10 | -21.7% | 80.0% |
| Free Cash Flow | $32M | $27M | $19M | 19.7% | 68.6% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $45M |
| R&D Expenses | $2M |
| Selling & Marketing | $4M |
| General & Administrative | $7M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $18M |
| OPERATING INCOME | $32M |
| Interest Income | $25.0K |
| Interest Expense | $803.0K |
| Other Income/Expenses | -$778.0K |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $221.0K |
| EBIT | $32M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $45M |
| R&D Expenses | $2M |
| Selling & Marketing | $4M |
| General & Administrative | $7M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $18M |
| OPERATING INCOME | $32M |
| Interest Income | $25.0K |
| Interest Expense | $803.0K |
| Other Income/Expenses | -$778.0K |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $221.0K |
| EBIT | $32M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $221.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $554.0K |
| Other Non-Cash Items | $224.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$186.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$130.0K |
| NET CASH FROM INVESTING | -$186.0K |
| Net Debt Issuance | -$781.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$39.0K |
| NET CASH FROM FINANCING | -$820.0K |
| FREE CASH FLOW | $32M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $147M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $221M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $65M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $122M |
| TOTAL ASSETS | $343M |
| Account Payables | $195.0K |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $142M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $147M |
| TOTAL LIABILITIES | $159M |
| Common Stock | $1M |
| Additional Paid-In Capital | $498M |
| Retained Earnings | -$259M |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $183M |
| Minority Interest | $0 |
| TOTAL EQUITY | $183M |
| TOTAL LIABILITIES & EQUITY | $343M |
| Total Debt | $150M |
| Net Debt | $3M |
