| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $30M | $23M | 6.4% | 39.3% |
| Op. Income | $2M | $2M | $1M | 4.4% | 59.7% |
| Gross Margin | 21.9% | 19.4% | 23.7% | 2.5pp | -1.8pp |
| Net Margin | 1.2% | 7.2% | 2.1% | -6.0pp | -0.9pp |
| EPS (Diluted) | $0.04 | $0.24 | $0.05 | -82.6% | -23.5% |
| Free Cash Flow | -$795.0K | -$4M | -$23.1K | 81.5% | -3341.6% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $7M |
| R&D Expenses | $265.0K |
| Selling & Marketing | $2M |
| General & Administrative | $3M |
| SG&A Expenses | $5M |
| Other Expenses | $45.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $469.0K |
| Other Income/Expenses | -$393.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $389.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $389.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $389.0K |
| D&A | $2M |
| EBIT | $1M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $7M |
| R&D Expenses | $265.0K |
| Selling & Marketing | $2M |
| General & Administrative | $3M |
| SG&A Expenses | $5M |
| Other Expenses | $45.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $469.0K |
| Other Income/Expenses | -$393.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $389.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $389.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $389.0K |
| D&A | $2M |
| EBIT | $1M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $389.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $30.0K |
| Deferred Income Tax | $699.0K |
| Other Non-Cash Items | -$301.0K |
| Change in Working Capital | -$725.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$449.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $69.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$795.0K |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $661.0K |
| Net Receivables | $20M |
| Inventory | $51M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $2M |
| Tax Assets | $994.0K |
| Other Non-Current Assets | $966.0K |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $146M |
| Account Payables | $10M |
| Short-Term Debt | $14M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $55M |
| Common Stock | $3M |
| Additional Paid-In Capital | $76M |
| Retained Earnings | $13M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $27.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $91M |
| Minority Interest | $0 |
| TOTAL EQUITY | $91M |
| TOTAL LIABILITIES & EQUITY | $146M |
| Total Debt | $30M |
| Net Debt | $14M |
