| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $11M | $6M | -30.9% | 17.7% |
| Op. Income | $5M | $7M | $4M | -33.2% | 19.4% |
| Gross Margin | 80.0% | 77.6% | 78.0% | 2.4pp | 2.0pp |
| Net Margin | 57.2% | 56.8% | 55.1% | 0.3pp | 2.1pp |
| EPS (Diluted) | $0.88 | $1.26 | $0.72 | -30.2% | 22.2% |
| Free Cash Flow | $5M | $6M | $3M | -25.0% | 70.0% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $6M |
| R&D Expenses | $700.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $403.4K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $5M |
| Interest Income | $406.1K |
| Interest Expense | $0 |
| Other Income/Expenses | $406.1K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $994.0K |
| 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 | $28.9K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $6M |
| R&D Expenses | $700.6K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $403.4K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $5M |
| Interest Income | $406.1K |
| Interest Expense | $0 |
| Other Income/Expenses | $406.1K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $994.0K |
| 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 | $28.9K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $28.9K |
| Stock-Based Compensation | $7.1K |
| Deferred Income Tax | -$62.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$883.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $10M |
| Net Receivables | $2M |
| Inventory | $6M |
| Other Current Assets | $924.2K |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $41M |
| Tax Assets | $862.4K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $66M |
| Account Payables | $470.9K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $397.3K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $48.3K |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $46M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $63M |
| Minority Interest | $0 |
| TOTAL EQUITY | $63M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $558.6K |
| Net Debt | -$1M |
