| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $69M | $58M | -12.7% | 4.0% |
| Op. Income | $4M | $6M | $4M | -24.6% | 1.2% |
| Gross Margin | 29.6% | 28.9% | 29.8% | 0.6pp | -0.2pp |
| Net Margin | 4.5% | 5.4% | 6.5% | -0.9pp | -1.9pp |
| EPS (Diluted) | $0.35 | $0.47 | $0.46 | -25.5% | -23.9% |
| Free Cash Flow | -$5M | $5M | $11M | -191.3% | -145.4% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $438.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $492.0K |
| Other Income/Expenses | -$619.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $393.0K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $438.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $56M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $492.0K |
| Other Income/Expenses | -$619.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $393.0K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $438.0K |
| Stock-Based Compensation | $767.0K |
| Deferred Income Tax | $50.0K |
| Other Non-Cash Items | $253.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$522.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$522.0K |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $364.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$324.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $82M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $90M |
| PP&E (Net) | $12M |
| Goodwill | $22M |
| Intangible Assets | $547.0K |
| Long-Term Investments | $0 |
| Tax Assets | $55.0K |
| Other Non-Current Assets | $215.0K |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $126M |
| Account Payables | $40M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $300.0K |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $890.0K |
| Additional Paid-In Capital | $118M |
| Retained Earnings | -$9M |
| Treasury Stock | -$77M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | $0 |
| TOTAL EQUITY | $30M |
| TOTAL LIABILITIES & EQUITY | $126M |
| Total Debt | $38M |
| Net Debt | $35M |
