| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $7M | $7M | 72.9% | 90.5% |
| Op. Income | $9M | $5M | $4M | 84.8% | 117.5% |
| Gross Margin | 80.2% | 80.0% | 76.7% | 0.2pp | 3.5pp |
| Net Margin | 64.3% | 57.2% | 56.8% | 7.2pp | 7.5pp |
| EPS (Diluted) | $1.70 | $0.88 | $0.79 | 93.2% | 115.2% |
| Free Cash Flow | $4M | $5M | $3M | -4.4% | 44.8% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $10M |
| R&D Expenses | $611.5K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $752.7K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $9M |
| Interest Income | $408.1K |
| Interest Expense | $0 |
| Other Income/Expenses | $408.1K |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $69.8K |
| EBIT | $9M |
| EBITDA | $9M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $10M |
| R&D Expenses | $611.5K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $752.7K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $9M |
| Interest Income | $408.1K |
| Interest Expense | $0 |
| Other Income/Expenses | $408.1K |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $69.8K |
| EBIT | $9M |
| EBITDA | $9M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $69.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $223.9K |
| Other Non-Cash Items | $5.4K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$28.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $149.1K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$20.7K |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$359.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $16M |
| Net Receivables | $7M |
| Inventory | $6M |
| Other Current Assets | $663.5K |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $36M |
| Tax Assets | $572.0K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $38M |
| TOTAL ASSETS | $69M |
| Account Payables | $281.7K |
| 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 | $342.9K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $48.3K |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $49M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $67M |
| Minority Interest | $0 |
| TOTAL EQUITY | $67M |
| TOTAL LIABILITIES & EQUITY | $69M |
| Total Debt | $518.7K |
| Net Debt | -$1M |
