| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $7M | 9.2% | 2.6% |
| Op. Income | $5M | $4M | $4M | 15.1% | 14.7% |
| Gross Margin | 77.5% | 76.7% | 75.3% | 0.8pp | 2.2pp |
| Net Margin | 56.4% | 56.8% | 50.0% | -0.4pp | 6.4pp |
| EPS (Diluted) | $0.86 | $0.79 | $0.74 | 8.9% | 16.2% |
| Free Cash Flow | $3M | $3M | $3M | 11.0% | 1.0% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $6M |
| R&D Expenses | $601.9K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $371.3K |
| Other Expenses | $0 |
| Operating Expenses | $973.2K |
| Cost & Expenses | $3M |
| OPERATING INCOME | $5M |
| Interest Income | $283.1K |
| Interest Expense | $0 |
| Other Income/Expenses | $283.1K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $854.3K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $87.6K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $6M |
| R&D Expenses | $601.9K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $371.3K |
| Other Expenses | $0 |
| Operating Expenses | $973.2K |
| Cost & Expenses | $3M |
| OPERATING INCOME | $5M |
| Interest Income | $283.1K |
| Interest Expense | $0 |
| Other Income/Expenses | $283.1K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $854.3K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $87.6K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $87.6K |
| Stock-Based Compensation | $7.1K |
| Deferred Income Tax | $1 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$903.7K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$24.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $15M |
| Net Receivables | $4M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $38M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $26M |
| Tax Assets | $578.3K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $65M |
| Account Payables | $295.4K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $411.4K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $48.3K |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $45M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$656.7K |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $0 |
| TOTAL EQUITY | $64M |
| TOTAL LIABILITIES & EQUITY | $65M |
| Total Debt | $568.4K |
| Net Debt | -$13M |
