| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | $66M | $55M | 6.8% | 27.2% |
| Op. Income | $8M | $7M | $4M | 6.3% | 110.5% |
| Gross Margin | 31.8% | 33.2% | 31.8% | -1.3pp | 0.1pp |
| Net Margin | 9.0% | 8.4% | 5.2% | 0.6pp | 3.8pp |
| EPS (Diluted) | $0.44 | $0.39 | $0.20 | 12.8% | 120.0% |
| Free Cash Flow | -$6M | -$5M | -$2M | -24.3% | -267.1% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $63M |
| OPERATING INCOME | $8M |
| Interest Income | $76.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $369.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $912.0K |
| EBIT | $8M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $63M |
| OPERATING INCOME | $8M |
| Interest Income | $76.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $369.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $912.0K |
| EBIT | $8M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $912.0K |
| Stock-Based Compensation | $206.0K |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | $128.0K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$834.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$323.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $42M |
| Inventory | $101M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $171M |
| PP&E (Net) | $22M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $339.0K |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $199M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $485.0K |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $84.0K |
| Other Non-Current Liabilities | $613.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $44M |
| Common Stock | $707.0K |
| Additional Paid-In Capital | $70M |
| Retained Earnings | $84M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $90.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $155M |
| Minority Interest | $0 |
| TOTAL EQUITY | $155M |
| TOTAL LIABILITIES & EQUITY | $199M |
| Total Debt | $2M |
| Net Debt | -$22M |
