| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $117M | $107M | $93M | 9.3% | 26.4% |
| Op. Income | $31M | $26M | $24M | 15.9% | 27.3% |
| Gross Margin | 48.8% | 48.3% | 47.3% | 0.4pp | 1.5pp |
| Net Margin | 16.7% | 15.1% | 14.4% | 1.6pp | 2.2pp |
| EPS (Diluted) | $0.65 | $0.54 | $0.45 | 20.4% | 44.4% |
| Free Cash Flow | $24M | -$414.0K | $17M | 6014.7% | 40.5% |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $3M |
| Operating Expenses | $26M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $3M |
| EBIT | $31M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $3M |
| Operating Expenses | $26M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $3M |
| EBIT | $31M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$170.0K |
| Other Non-Cash Items | $527.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | $270.0K |
| NET CASH FROM FINANCING | -$132M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$107M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $0 |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $133M |
| PP&E (Net) | $84M |
| Goodwill | $65M |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $219M |
| TOTAL ASSETS | $352M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $712M |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $760M |
| TOTAL LIABILITIES | $827M |
| Common Stock | $294.0K |
| Additional Paid-In Capital | $1M |
| Retained Earnings | -$476M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$561.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$475M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$475M |
| TOTAL LIABILITIES & EQUITY | $352M |
| Total Debt | $712M |
| Net Debt | $634M |
