Here is an organized way to see the progression of operating income before amortization for both saas and hardware. This is a great indicator because it is more linked to cash flow and we get to see the profitability of each reporting segment. I have spent a good amount of time reviewing these numbers so I believe they are 100% accurate.
Saas. Hardware
q1: 2021. $89,457 $-48,555
2020. $14,235. 0
2019. $-242,313 0
q2: 2020. $61,785 $16,307
2019. $21,284. 0
q3: 2020. $254,111. $97,637
2019. $522,242. 0
q4. 2020. $488,338 $117,567
2019 $411,912. 0
The last 4 quarters of operating income before amortization is $893,691 compared to previous 4 quarters of $969,673. The difference is mostly explained by q3 (covid) which showed a temporary drop in operating income. You will notice that it has recovered nicely in q4 2020 and q1 2021. I expect this trend to continue throughout 2021.