| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $90M | $86M | $72M | 5.5% | 24.9% |
| Op. Income | $27M | $18M | $15M | 46.9% | 79.6% |
| Gross Margin | 46.2% | 48.6% | 44.8% | -2.4pp | 1.4pp |
| Net Margin | 14.4% | 63.3% | 112.2% | -48.9pp | -97.8pp |
| EPS (Diluted) | $0.06 | $0.27 | $0.51 | -77.4% | -88.0% |
| Free Cash Flow | $28M | $25M | $35M | 11.4% | -18.2% |
| Item | Amount |
|---|---|
| REVENUE | $90M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $42M |
| R&D Expenses | $249.0K |
| Selling & Marketing | $7M |
| General & Administrative | $5M |
| SG&A Expenses | $12M |
| Other Expenses | $3M |
| Operating Expenses | $15M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $27M |
| Interest Income | $791.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | -$23.0K |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $630.0K |
| EBIT | $27M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $90M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $42M |
| R&D Expenses | $249.0K |
| Selling & Marketing | $7M |
| General & Administrative | $5M |
| SG&A Expenses | $12M |
| Other Expenses | $3M |
| Operating Expenses | $15M |
| Cost & Expenses | $64M |
| OPERATING INCOME | $27M |
| Interest Income | $791.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | -$23.0K |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $630.0K |
| EBIT | $27M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $630.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$35.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $264.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$30.0K |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89M |
| Short-Term Investments | $79M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $212M |
| PP&E (Net) | $1M |
| Goodwill | $87M |
| Intangible Assets | $605M |
| Long-Term Investments | $37M |
| Tax Assets | $10M |
| Other Non-Current Assets | $447.0K |
| TOTAL NON-CURRENT ASSETS | $740M |
| TOTAL ASSETS | $952M |
| Account Payables | $42M |
| Short-Term Debt | $889.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$889.0K |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $275M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $407M |
| TOTAL LIABILITIES | $482M |
| Common Stock | $2M |
| Additional Paid-In Capital | $388M |
| Retained Earnings | $82M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $469M |
| Minority Interest | $0 |
| TOTAL EQUITY | $469M |
| TOTAL LIABILITIES & EQUITY | $952M |
| Total Debt | $275M |
| Net Debt | $186M |
