| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $13M | $11M | -4.6% | 12.4% |
| Op. Income | $5M | $5M | $4M | -11.9% | 16.3% |
| Gross Margin | 61.1% | 62.8% | 48.2% | -1.7pp | 12.9pp |
| Net Margin | 28.7% | 32.0% | 27.6% | -3.3pp | 1.1pp |
| EPS (Diluted) | $0.96 | $1.13 | $0.83 | -15.0% | 15.7% |
| Free Cash Flow | $5M | $5M | $6M | 1.6% | -12.9% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $8M |
| R&D Expenses | $123.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $8.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $8M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $8.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $996.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $8M |
| R&D Expenses | $123.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $8.0K |
| Operating Expenses | $3M |
| Cost & Expenses | $8M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $8.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $996.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $5M |
| EBITDA | $6M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $43.0K |
| Deferred Income Tax | -$144.0K |
| Other Non-Cash Items | $8.0K |
| Change in Working Capital | -$204.0K |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$237.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$237.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19.0K |
| NET CASH FROM FINANCING | $19.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $7M |
| Other Current Assets | $520.0K |
| TOTAL CURRENT ASSETS | $79M |
| PP&E (Net) | $11M |
| Goodwill | $14M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $534.0K |
| Other Non-Current Assets | -$534.0K |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $120M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $903.0K |
| Retained Earnings | $118M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $109M |
| Minority Interest | $0 |
| TOTAL EQUITY | $109M |
| TOTAL LIABILITIES & EQUITY | $120M |
| Total Debt | $382.0K |
| Net Debt | -$65M |
