| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $46M | $50M | -1.9% | -10.1% |
| Op. Income | $4M | $2M | $4M | 98.7% | -10.7% |
| Gross Margin | 25.5% | 22.3% | 26.5% | 3.2pp | -1.0pp |
| Net Margin | 13.6% | 8.0% | 7.2% | 5.7pp | 6.5pp |
| EPS (Diluted) | $0.45 | $0.27 | $0.26 | 67.5% | 71.8% |
| Free Cash Flow | -$980.4K | $6M | -$9M | -116.1% | 89.4% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $2M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $4M |
| Interest Income | $4M |
| Interest Expense | $273.9K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $616.2K |
| EBIT | $8M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $5M |
| General & Administrative | $2M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $4M |
| Interest Income | $4M |
| Interest Expense | $273.9K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $616.2K |
| EBIT | $8M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $616.2K |
| Stock-Based Compensation | $66.7K |
| Deferred Income Tax | $472.9K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $207.6K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$239.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$239.6K |
| FREE CASH FLOW | -$980.4K |
| Net Change in Cash | -$871.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $10M |
| Net Receivables | $15M |
| Inventory | $7M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $7M |
| Goodwill | $3.3K |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $56M |
| Account Payables | $2M |
| Short-Term Debt | $160.1K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $571.9K |
| Other Non-Current Liabilities | $96.0K |
| TOTAL NON-CURRENT LIABILITIES | $812.3K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $135.5K |
| Additional Paid-In Capital | $16M |
| Retained Earnings | $35M |
| Treasury Stock | -$57.1K |
| Accum. Other Comp. Income | $8.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $56M |
| Total Debt | $304.5K |
| Net Debt | -$12M |
