2023 Q4 Form 10-Q Financial Statement

#000121390023086885 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023 Q1
Revenue $28.37M $16.33M $13.00M
YoY Change 44.34% 8.26% -5.31%
Cost Of Revenue $10.53M $6.531M $5.570M
YoY Change 46.22% 15.3% -1.07%
Gross Profit $17.84M $9.800M $7.433M
YoY Change 43.25% 4.03% -8.25%
Gross Profit Margin 62.89% 60.01% 57.17%
Selling, General & Admin $18.86M $12.89M $14.03M
YoY Change -29.3% 238.13% 23.19%
% of Gross Profit 105.7% 131.5% 188.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.002M $470.0K $463.9K
YoY Change 119.39% -8.88% -1.61%
% of Gross Profit 5.61% 4.8% 6.24%
Operating Expenses $19.86M $13.35M $14.50M
YoY Change 49.15% 1.34% 22.2%
Operating Profit -$2.023M -$3.553M -$7.063M
YoY Change 134.08% -5.41% 87.8%
Interest Expense -$1.336M $690.0K $665.5K
YoY Change -348.12% 137.96%
% of Operating Profit
Other Income/Expense, Net $500.0K $688.2K $665.5K
YoY Change 137.33% 22182300.0%
Pretax Income -$11.74M -$2.865M -$6.398M
YoY Change 3502.79% -17.35% 70.1%
Income Tax -$7.598M
% Of Pretax Income
Net Earnings -$4.141M -$2.865M -$6.398M
YoY Change 1170.99% -17.35% 70.1%
Net Earnings / Revenue -14.6% -17.54% -49.2%
Basic Earnings Per Share -$0.17 -$0.37
Diluted Earnings Per Share -$0.23 -$0.17 -$0.37
COMMON SHARES
Basic Shares Outstanding 18.15M shares 16.64M shares 17.10M shares
Diluted Shares Outstanding 16.64M shares 17.09M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.85M $63.50M $73.70M
YoY Change -81.32% -19.41% -17.15%
Cash & Equivalents $13.85M $9.921M $16.44M
Short-Term Investments $0.00 $53.60M $57.26M
Other Short-Term Assets $3.189M $3.000M $4.015M
YoY Change 39.84% 10.17% -12.9%
Inventory
Prepaid Expenses $3.009M
Receivables $36.25M $20.84M $18.16M
Other Receivables $1.036M $0.00 $0.00
Total Short-Term Assets $54.33M $87.39M $95.88M
YoY Change -44.88% -12.02% -14.92%
LONG-TERM ASSETS
Property, Plant & Equipment $722.3K $149.3K $143.9K
YoY Change 425.51% 3.62% 4.72%
Goodwill $78.36M $22.67M $22.67M
YoY Change 245.58% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $568.1K $1.100M
YoY Change 11148.51% 8453.65%
Total Long-Term Assets $129.0M $36.54M $35.81M
YoY Change 257.71% 0.0% 40.77%
TOTAL ASSETS
Total Short-Term Assets $54.33M $87.39M $95.88M
Total Long-Term Assets $129.0M $36.54M $35.81M
Total Assets $183.4M $123.9M $131.7M
YoY Change 36.18% -8.79% -4.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.227M $700.0K $1.289M
YoY Change 43.69% -30.04% 114.55%
Accrued Expenses $7.976M $3.109M $2.125M
YoY Change 206.64% 82.92% 17.67%
Deferred Revenue $172.0K $188.0K $735.0K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.000M
YoY Change
Total Short-Term Liabilities $17.88M $7.702M $7.606M
YoY Change 112.98% 25.55% 10.62%
LONG-TERM LIABILITIES
Long-Term Debt $34.23M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $371.4K $100.0K $123.2K
YoY Change 157.0% -40.03% -42.13%
Total Long-Term Liabilities $34.60M $100.0K $123.2K
YoY Change -42.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.88M $7.702M $7.606M
Total Long-Term Liabilities $34.60M $100.0K $123.2K
Total Liabilities $56.82M $7.822M $7.729M
YoY Change 565.32% 24.14% 9.04%
SHAREHOLDERS EQUITY
Retained Earnings -$64.26M -$60.12M -$53.09M
YoY Change 37.62% 29.66%
Common Stock $19.90K $18.39K $18.33K
YoY Change 8.8% 0.69%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.741K $1.741K $1.214K
YoY Change 43.41% 146.6%
Treasury Stock Shares
Shareholders Equity $126.6M $116.1M $124.0M
YoY Change
Total Liabilities & Shareholders Equity $183.4M $123.9M $131.7M
YoY Change 36.18% -8.79% -4.67%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023 Q1
OPERATING ACTIVITIES
Net Income -$4.141M -$2.865M -$6.398M
YoY Change 1170.99% -17.35% 70.1%
Depreciation, Depletion And Amortization $1.002M $470.0K $463.9K
YoY Change 119.39% -8.88% -1.61%
Cash From Operating Activities -$6.259M $1.470M -$86.33K
YoY Change -323.26% -57.54% -102.12%
INVESTING ACTIVITIES
Capital Expenditures -$778.6K $320.0K $28.58K
YoY Change -537.23% -1471.62% -297.38%
Acquisitions
YoY Change
Other Investing Activities -$26.78M -$690.0K -$1.326M
YoY Change 46.26% -98.16% 2487.11%
Cash From Investing Activities -$26.00M -$1.010M -$1.549M
YoY Change 40.64% -97.31% 2255.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 36.19M -350.0K -$129.8K
YoY Change -586.47% -97.09% -150.28%
NET CHANGE
Cash From Operating Activities -6.259M 1.470M -$86.33K
Cash From Investing Activities -26.00M -1.010M -$1.549M
Cash From Financing Activities 36.19M -350.0K -$129.8K
Net Change In Cash 3.934M 110.0K -$1.765M
YoY Change -117.01% -100.24% -141.31%
FREE CASH FLOW
Cash From Operating Activities -$6.259M $1.470M -$86.33K
Capital Expenditures -$778.6K $320.0K $28.58K
Free Cash Flow -$5.481M $1.150M -$114.9K
YoY Change -308.75% -67.01% -102.81%

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CashPaidForEmployeeWithholdingTaxesRelatedToTheVestingOfRestrictedStockUnits
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us-gaap Origination Of Loans To Employee Stock Ownership Plans
OriginationOfLoansToEmployeeStockOwnershipPlans
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
oprx Rou Assets Obtained In Exchange For Lease Obligations
ROUAssetsObtainedInExchangeForLeaseObligations
usd
oprx Reduction Of Evince Med Purchase Price For Amounts Previously Paid
ReductionOfEvinceMedPurchasePriceForAmountsPreviouslyPaid
usd
us-gaap Stock Issued1
StockIssued1
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2023Q3 oprx Effect Of Dilutive Stock Options Warrants And Stock Grants
EffectOfDilutiveStockOptionsWarrantsAndStockGrants
shares
CY2022Q3 oprx Effect Of Dilutive Stock Options Warrants And Stock Grants
EffectOfDilutiveStockOptionsWarrantsAndStockGrants
shares
oprx Effect Of Dilutive Stock Options Warrants And Stock Grants
EffectOfDilutiveStockOptionsWarrantsAndStockGrants
shares
oprx Effect Of Dilutive Stock Options Warrants And Stock Grants
EffectOfDilutiveStockOptionsWarrantsAndStockGrants
shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001448431

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0001213900-23-086885.txt Edgar Link pending
0001213900-23-086885-xbrl.zip Edgar Link pending
f10q0923ex31-1_optimizerx.htm Edgar Link pending
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f10q0923_optimizerx.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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oprx-20230930.xsd Edgar Link pending
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oprx-20230930_def.xml Edgar Link unprocessable
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oprx-20230930_lab.xml Edgar Link unprocessable
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f10q0923_optimizerx_htm.xml Edgar Link completed