| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $97M | $70M | 9.7% | 52.0% |
| Op. Income | $4M | $1M | $2M | 324.9% | 101.8% |
| Gross Margin | 23.0% | 23.6% | 26.1% | -0.6pp | -3.1pp |
| Net Margin | 2.9% | 0.2% | 2.8% | 2.7pp | 0.1pp |
| EPS (Diluted) | $0.11 | $0.01 | $0.07 | 1000.0% | 57.1% |
| Free Cash Flow | -$8M | $3M | $7M | -407.9% | -213.2% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $102M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $234.0K |
| Other Income/Expenses | -$313.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $998.0K |
| 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 | $3M |
| EBIT | $4M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $102M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $234.0K |
| Other Income/Expenses | -$313.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $998.0K |
| 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 | $3M |
| EBIT | $4M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $556.0K |
| Deferred Income Tax | -$13.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$297.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$297.0K |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$231.0K |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $288.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $65M |
| Inventory | $68M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $141M |
| PP&E (Net) | $40M |
| Goodwill | $44M |
| Intangible Assets | $72M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $159M |
| TOTAL ASSETS | $300M |
| Account Payables | $41M |
| Short-Term Debt | $4M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $75M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $90M |
| TOTAL LIABILITIES | $164M |
| Common Stock | $135M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $400.0K |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | $5.0K |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | $135M |
| Minority Interest | $0 |
| TOTAL EQUITY | $135M |
| TOTAL LIABILITIES & EQUITY | $300M |
| Total Debt | $92M |
| Net Debt | $89M |
