| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $10M | $11M | 26.2% | 16.0% |
| Op. Income | $4M | $174.0K | $3M | 2078.7% | 24.3% |
| Gross Margin | 77.8% | 71.7% | 77.3% | 6.1pp | 0.5pp |
| Net Margin | 24.4% | 3.1% | 23.2% | 21.3pp | 1.2pp |
| EPS (Diluted) | $0.15 | $0.01 | $0.12 | 920.4% | 25.0% |
| Free Cash Flow | $2M | $7M | $4M | -68.5% | -50.4% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $10M |
| R&D Expenses | $882.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $9M |
| OPERATING INCOME | $4M |
| Interest Income | $64.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $65.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $830.0K |
| 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 | $845.0K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $10M |
| R&D Expenses | $882.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $9M |
| OPERATING INCOME | $4M |
| Interest Income | $64.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $65.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $830.0K |
| 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 | $845.0K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $845.0K |
| Stock-Based Compensation | $722.0K |
| Deferred Income Tax | $387.0K |
| Other Non-Cash Items | $494.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $838.0K |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | -$838.0K |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$837.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $83M |
| Net Receivables | $13M |
| Inventory | $584.0K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $140M |
| PP&E (Net) | $3M |
| Goodwill | $13M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $50.0K |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $181M |
| Account Payables | $19.0K |
| Short-Term Debt | $338.0K |
| Deferred Revenue | $620.0K |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $135M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $34M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$280.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $168M |
| Minority Interest | $0 |
| TOTAL EQUITY | $168M |
| TOTAL LIABILITIES & EQUITY | $181M |
| Total Debt | $1M |
| Net Debt | -$41M |
