| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $23M | $20M | 10.4% | 26.4% |
| Op. Income | $948.0K | $1M | -$1M | -17.6% | 163.5% |
| Gross Margin | 16.9% | 23.7% | 15.3% | -6.8pp | 1.6pp |
| Net Margin | 2.6% | 2.1% | -7.8% | 0.5pp | 10.4pp |
| EPS (Diluted) | $0.07 | $0.05 | $-0.17 | 35.4% | 143.4% |
| Free Cash Flow | $334.0K | -$23.1K | -$8M | 1545.9% | 104.3% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $4M |
| R&D Expenses | $99.0K |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | -$407.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $948.0K |
| Interest Expense | $366.0K |
| Other Income/Expenses | -$318.0K |
| INCOME BEFORE TAX | $630.0K |
| Income Tax Expense | -$27.0K |
| Net Income from Continuing Ops | $657.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | $658.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $658.0K |
| D&A | $1M |
| EBIT | $928.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $4M |
| R&D Expenses | $99.0K |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | -$407.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $948.0K |
| Interest Expense | $366.0K |
| Other Income/Expenses | -$318.0K |
| INCOME BEFORE TAX | $630.0K |
| Income Tax Expense | -$27.0K |
| Net Income from Continuing Ops | $657.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1.0K |
| NET INCOME | $658.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $658.0K |
| D&A | $1M |
| EBIT | $928.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $658.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $90.0K |
| Deferred Income Tax | $22.0K |
| Other Non-Cash Items | -$715.0K |
| Change in Working Capital | $671.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $127.0K |
| Net Debt Issuance | -$422.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$422.0K |
| FREE CASH FLOW | $334.0K |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $43M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $75M |
| PP&E (Net) | $45M |
| Goodwill | $99.0K |
| Intangible Assets | $2M |
| Long-Term Investments | $2M |
| Tax Assets | $1M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $125M |
| Account Payables | $9M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $132.0K |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $49M |
| Common Stock | $3M |
| Additional Paid-In Capital | $66M |
| Retained Earnings | $9M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$26.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | $0 |
| TOTAL EQUITY | $76M |
| TOTAL LIABILITIES & EQUITY | $125M |
| Total Debt | $29M |
| Net Debt | $20M |
