| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $23M | $20M | 18.2% | 30.9% |
| Op. Income | $402.0K | -$315.0K | $382.0K | 227.6% | 5.2% |
| Gross Margin | 18.6% | 47.6% | 14.2% | -29.0pp | 4.5pp |
| Net Margin | 1.4% | -3.4% | 1.7% | 4.7pp | -0.3pp |
| EPS (Diluted) | $0.03 | $-0.06 | $0.03 | 148.5% | 0.0% |
| Free Cash Flow | -$30M | -$21M | -$3M | -40.9% | -819.2% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $402.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $118.0K |
| INCOME BEFORE TAX | $520.0K |
| Income Tax Expense | $150.0K |
| Net Income from Continuing Ops | $370.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $370.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $370.0K |
| D&A | $6M |
| EBIT | $402.0K |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $402.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $118.0K |
| INCOME BEFORE TAX | $520.0K |
| Income Tax Expense | $150.0K |
| Net Income from Continuing Ops | $370.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $370.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $370.0K |
| D&A | $6M |
| EBIT | $402.0K |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $370.0K |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $487.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$656.0K |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$50.0K |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $36M |
| Common Stock Repurchased | -$184.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $27M |
| Inventory | $25M |
| Other Current Assets | $648.0K |
| TOTAL CURRENT ASSETS | $60M |
| PP&E (Net) | $310M |
| Goodwill | $0 |
| Intangible Assets | $869.0K |
| Long-Term Investments | $0 |
| Tax Assets | $40M |
| Other Non-Current Assets | -$34M |
| TOTAL NON-CURRENT ASSETS | $317M |
| TOTAL ASSETS | $377M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $114.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $61M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $104M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $135.0K |
| Additional Paid-In Capital | $116M |
| Retained Earnings | $130M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $231M |
| Minority Interest | $0 |
| TOTAL EQUITY | $231M |
| TOTAL LIABILITIES & EQUITY | $377M |
| Total Debt | $61M |
| Net Debt | $54M |
