| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $20M | $17M | -13.7% | -2.5% |
| Op. Income | $138.4K | $1M | -$159.8K | -87.4% | 186.6% |
| Gross Margin | 30.2% | 34.6% | 27.7% | -4.4pp | 2.5pp |
| Net Margin | 0.6% | 12.4% | -2.1% | -11.8pp | 2.7pp |
| EPS (Diluted) | $0.01 | $0.31 | $-0.05 | -95.9% | 125.9% |
| Free Cash Flow | $423.0K | -$988.8K | $1M | 142.8% | -64.9% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $3.8K |
| Operating Expenses | $5M |
| Cost & Expenses | $17M |
| OPERATING INCOME | $138.4K |
| Interest Income | $0 |
| Interest Expense | $298.2K |
| Other Income/Expenses | -$38.5K |
| INCOME BEFORE TAX | $99.9K |
| Income Tax Expense | -$920 |
| Net Income from Continuing Ops | $100.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100.8K |
| D&A | $219.7K |
| EBIT | $398.1K |
| EBITDA | $617.8K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $3.8K |
| Operating Expenses | $5M |
| Cost & Expenses | $17M |
| OPERATING INCOME | $138.4K |
| Interest Income | $0 |
| Interest Expense | $298.2K |
| Other Income/Expenses | -$38.5K |
| INCOME BEFORE TAX | $99.9K |
| Income Tax Expense | -$920 |
| Net Income from Continuing Ops | $100.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100.8K |
| D&A | $219.7K |
| EBIT | $398.1K |
| EBITDA | $617.8K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $100.8K |
| Depreciation & Amortization | $219.7K |
| Stock-Based Compensation | $173.5K |
| Deferred Income Tax | -$7.2K |
| Other Non-Cash Items | -$255.9K |
| Change in Working Capital | $333.1K |
| OPERATING CASH FLOW | $564.1K |
| Capital Expenditure | -$141.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $255.9K |
| NET CASH FROM INVESTING | $114.7K |
| Net Debt Issuance | -$786.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25.0K |
| NET CASH FROM FINANCING | -$811.2K |
| FREE CASH FLOW | $423.0K |
| Net Change in Cash | -$132.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $192.7K |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $25M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $37M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $579.7K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $46M |
| Account Payables | $5M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $144.8K |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $15M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $46M |
| Total Debt | $12M |
| Net Debt | $12M |
