| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $27M | $21M | 11.7% | 42.7% |
| Op. Income | $2M | $2M | -$508.0K | 14.9% | 446.5% |
| Gross Margin | 19.4% | 20.2% | 16.4% | -0.8pp | 3.1pp |
| Net Margin | 7.2% | 5.5% | -1.7% | 1.7pp | 8.9pp |
| EPS (Diluted) | $0.24 | $0.16 | $-0.04 | 50.0% | 646.7% |
| Free Cash Flow | -$4M | $1M | -$7M | -406.2% | 38.3% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $6M |
| R&D Expenses | $194.0K |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | -$37.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $2M |
| Interest Income | $283.0K |
| Interest Expense | $408.0K |
| Other Income/Expenses | $1.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$390.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $6M |
| R&D Expenses | $194.0K |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | -$37.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $2M |
| Interest Income | $283.0K |
| Interest Expense | $408.0K |
| Other Income/Expenses | $1.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$390.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $8.0K |
| Deferred Income Tax | -$388.0K |
| Other Non-Cash Items | -$528.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$569.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $37.0K |
| NET CASH FROM INVESTING | -$532.0K |
| Net Debt Issuance | $788.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $788.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $49M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $79M |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $2M |
| Tax Assets | $2M |
| Other Non-Current Assets | $947.0K |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $130M |
| Account Payables | $9M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $85.0K |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $993.0K |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $50M |
| Common Stock | $3M |
| Additional Paid-In Capital | $67M |
| Retained Earnings | $13M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$24.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $0 |
| TOTAL EQUITY | $80M |
| TOTAL LIABILITIES & EQUITY | $130M |
| Total Debt | $30M |
| Net Debt | $23M |
