| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $127M | $117M | $105M | 8.5% | 21.2% |
| Op. Income | $30M | $31M | $29M | -2.7% | 3.3% |
| Gross Margin | 48.4% | 48.8% | 47.4% | -0.3pp | 1.0pp |
| Net Margin | 14.8% | 16.7% | 16.8% | -1.9pp | -2.0pp |
| EPS (Diluted) | $0.64 | $0.65 | $0.59 | -1.5% | 8.5% |
| Free Cash Flow | $25M | $24M | $18M | 3.4% | 39.9% |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $4M |
| Operating Expenses | $32M |
| Cost & Expenses | $97M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $4M |
| EBIT | $30M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $4M |
| Operating Expenses | $32M |
| Cost & Expenses | $97M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $4M |
| EBIT | $30M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$351.0K |
| Other Non-Cash Items | $513.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $320.0K |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$151.0K |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $208.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $535.0K |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $144M |
| PP&E (Net) | $110M |
| Goodwill | $68M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $233M |
| TOTAL ASSETS | $378M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $712M |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $187.0K |
| TOTAL NON-CURRENT LIABILITIES | $764M |
| TOTAL LIABILITIES | $835M |
| Common Stock | $293.0K |
| Additional Paid-In Capital | $3M |
| Retained Earnings | -$460M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$341.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$457M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$457M |
| TOTAL LIABILITIES & EQUITY | $378M |
| Total Debt | $733M |
| Net Debt | $642M |
