| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $260M | $250M | $231M | 3.7% | 12.4% |
| Op. Income | $154M | $32M | $35M | 385.1% | 339.3% |
| Gross Margin | 91.6% | 92.5% | 92.3% | -0.9pp | -0.7pp |
| Net Margin | 55.4% | 13.1% | 19.8% | 42.3pp | 35.5pp |
| EPS (Diluted) | $0.86 | $0.20 | $0.28 | 330.0% | 207.1% |
| Free Cash Flow | $40M | $63M | $85M | -36.8% | -53.2% |
| Item | Amount |
|---|---|
| REVENUE | $260M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $238M |
| R&D Expenses | $101M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $130M |
| Other Expenses | -$147M |
| Operating Expenses | $84M |
| Cost & Expenses | $106M |
| OPERATING INCOME | $154M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $5M |
| EBIT | $7M |
| EBITDA | $12M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $260M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $238M |
| R&D Expenses | $101M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $130M |
| Other Expenses | -$147M |
| Operating Expenses | $84M |
| Cost & Expenses | $106M |
| OPERATING INCOME | $154M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $161M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $5M |
| EBIT | $7M |
| EBITDA | $12M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$149M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$453.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$136M |
| Sales/Maturities of Investments | $112M |
| Other Investing Activities | $147M |
| NET CASH FROM INVESTING | $122M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $320M |
| Short-Term Investments | $436M |
| Net Receivables | $105M |
| Inventory | $22M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $938M |
| PP&E (Net) | $51M |
| Goodwill | $0 |
| Intangible Assets | $120M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $79M |
| TOTAL NON-CURRENT ASSETS | $249M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $395M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $60M |
| TOTAL LIABILITIES | $455M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $292.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $733M |
| Minority Interest | $0 |
| TOTAL EQUITY | $733M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $52M |
| Net Debt | -$268M |
