| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $51M | $43M | -20.6% | -5.4% |
| Op. Income | $731.0K | $2M | $1M | -66.7% | -40.7% |
| Gross Margin | 26.4% | 25.2% | 25.8% | 1.1pp | 0.6pp |
| Net Margin | 0.8% | 2.5% | 1.6% | -1.6pp | -0.8pp |
| EPS (Diluted) | $0.03 | $0.10 | $0.06 | -69.0% | -50.0% |
| Free Cash Flow | -$1M | $3M | $5M | -149.5% | -130.0% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | -$326.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $731.0K |
| Interest Income | $0 |
| Interest Expense | $334.0K |
| Other Income/Expenses | -$326.0K |
| INCOME BEFORE TAX | $405.0K |
| Income Tax Expense | $70.0K |
| Net Income from Continuing Ops | $335.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $335.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $335.0K |
| D&A | $386.0K |
| EBIT | $739.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | -$326.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $731.0K |
| Interest Income | $0 |
| Interest Expense | $334.0K |
| Other Income/Expenses | -$326.0K |
| INCOME BEFORE TAX | $405.0K |
| Income Tax Expense | $70.0K |
| Net Income from Continuing Ops | $335.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $335.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $335.0K |
| D&A | $386.0K |
| EBIT | $739.0K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $335.0K |
| Depreciation & Amortization | $386.0K |
| Stock-Based Compensation | $24.0K |
| Deferred Income Tax | $35.0K |
| Other Non-Cash Items | -$3.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$63.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5.0K |
| NET CASH FROM INVESTING | -$58.0K |
| Net Debt Issuance | $864.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $156.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$475.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $393.0K |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $65M |
| PP&E (Net) | $9M |
| Goodwill | $16M |
| Intangible Assets | $496.0K |
| Long-Term Investments | $0 |
| Tax Assets | $621.0K |
| Other Non-Current Assets | $210.0K |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $92M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $402.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $788.0K |
| Additional Paid-In Capital | $108M |
| Retained Earnings | -$60M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31M |
| Minority Interest | $0 |
| TOTAL EQUITY | $31M |
| TOTAL LIABILITIES & EQUITY | $92M |
| Total Debt | $39M |
| Net Debt | $38M |
