| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $34M | $28M | 0.2% | 20.4% |
| Op. Income | $7M | $9M | $12M | -18.0% | -42.3% |
| Gross Margin | 54.9% | 61.9% | 87.3% | -7.0pp | -32.4pp |
| Net Margin | 15.2% | 18.1% | 30.8% | -2.9pp | -15.7pp |
| EPS (Diluted) | $0.33 | $0.39 | $0.55 | -15.4% | -40.0% |
| Free Cash Flow | $15M | $8M | $46M | 87.3% | -67.7% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $207.0K |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $4M |
| Operating Expenses | $12M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $7M |
| Interest Income | $31M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $302.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $207.0K |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $4M |
| Operating Expenses | $12M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $7M |
| Interest Income | $31M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $302.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $302.0K |
| Stock-Based Compensation | $323.0K |
| Deferred Income Tax | -$339.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$587.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24.0K |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$43M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $191M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $305M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.8B |
| Tax Assets | $15M |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $95M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $120M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $78M |
| Additional Paid-In Capital | $11M |
| Retained Earnings | $117M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $184M |
| Minority Interest | $0 |
| TOTAL EQUITY | $184M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $105M |
| Net Debt | -$814.0K |
