| Metric | Q4 2013 | Q3 2013 | Q4 2012 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | — | $89M | — | -2.6% |
| Op. Income | $4M | — | $3M | — | 55.9% |
| Gross Margin | 8.0% | — | 6.5% | — | 1.5pp |
| Net Margin | 3.8% | — | 2.3% | — | 1.5pp |
| EPS (Diluted) | $0.76 | — | $0.50 | — | 52.0% |
| Free Cash Flow | -$244.0K | — | $5M | — | -105.3% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $7M |
| R&D Expenses | $175.0K |
| Selling & Marketing | $517.0K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | -$14.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $83M |
| OPERATING INCOME | $4M |
| Interest Income | $7.0K |
| Interest Expense | $167.0K |
| Other Income/Expenses | $117.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| 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 | $277.0K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $7M |
| R&D Expenses | $175.0K |
| Selling & Marketing | $517.0K |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | -$14.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $83M |
| OPERATING INCOME | $4M |
| Interest Income | $7.0K |
| Interest Expense | $167.0K |
| Other Income/Expenses | $117.0K |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| 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 | $277.0K |
| EBIT | $5M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $39.0K |
| Stock-Based Compensation | $1.0K |
| Deferred Income Tax | -$17.0K |
| Other Non-Cash Items | $300.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$227.0K |
| Capital Expenditure | -$17.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17.0K |
| Net Debt Issuance | -$575.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$575.0K |
| FREE CASH FLOW | -$244.0K |
| Net Change in Cash | -$184.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $49M |
| Inventory | $7M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $105M |
| PP&E (Net) | $223.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $223.0K |
| TOTAL ASSETS | $105M |
| Account Payables | $2M |
| Short-Term Debt | $7M |
| Deferred Revenue | $999.0K |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $21.0K |
| TOTAL LIABILITIES | $17M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $25M |
| Retained Earnings | $61M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $88M |
| Minority Interest | $0 |
| TOTAL EQUITY | $88M |
| TOTAL LIABILITIES & EQUITY | $105M |
| Total Debt | $7M |
| Net Debt | -$7M |
