| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $10M | $5M | -26.8% | 54.2% |
| Op. Income | $2M | $2M | -$1M | -13.4% | 255.8% |
| Gross Margin | 71.2% | 57.3% | 51.3% | 14.0pp | 19.9pp |
| Net Margin | 21.6% | 9.9% | -16.4% | 11.7pp | 38.0pp |
| EPS (Diluted) | $0.15 | $0.09 | $-0.07 | 59.7% | 303.0% |
| Free Cash Flow | $4M | -$847.3K | $693.3K | 558.6% | 460.4% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $5M |
| R&D Expenses | $487.4K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $209.5K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $244.3K |
| 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 | $221.6K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $5M |
| R&D Expenses | $487.4K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $209.5K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $244.3K |
| 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 | $221.6K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $344.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $70.5K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$166.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$166.6K |
| Net Debt Issuance | -$59.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$27.5K |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $11M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $569.8K |
| Long-Term Investments | $35.7K |
| Tax Assets | $5M |
| Other Non-Current Assets | $201.7K |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $69M |
| Account Payables | $1M |
| Short-Term Debt | $207.2K |
| Deferred Revenue | $8M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $32M |
| Retained Earnings | $8M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $40M |
| Minority Interest | $0 |
| TOTAL EQUITY | $40M |
| TOTAL LIABILITIES & EQUITY | $69M |
| Total Debt | $9M |
| Net Debt | -$8M |
