| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $127M | $127M | $106M | -0.3% | 19.4% |
| Op. Income | $10M | $7M | $4M | 39.7% | 125.5% |
| Gross Margin | 27.3% | 25.5% | 23.0% | 1.9pp | 4.3pp |
| Net Margin | 4.9% | 4.1% | 2.9% | 0.9pp | 2.0pp |
| EPS (Diluted) | $0.22 | $0.18 | $0.11 | 22.2% | 100.0% |
| Free Cash Flow | $10M | $8M | -$8M | 27.5% | 224.0% |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $788.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $2M |
| EBIT | $10M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $788.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $2M |
| EBIT | $10M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $551.0K |
| Deferred Income Tax | $350.0K |
| Other Non-Cash Items | $874.0K |
| Change in Working Capital | $125.0K |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$434.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$434.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$66.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $77M |
| Inventory | $80M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $170M |
| PP&E (Net) | $34M |
| Goodwill | $45M |
| Intangible Assets | $67M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $149M |
| TOTAL ASSETS | $320M |
| Account Payables | $41M |
| Short-Term Debt | $4M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $74M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $86M |
| TOTAL LIABILITIES | $166M |
| Common Stock | $141M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $13M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | $52.0K |
| Other Equity | $6M |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | $0 |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $320M |
| Total Debt | $88M |
| Net Debt | $79M |
