| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $204M | $206M | $133M | -1.0% | 53.3% |
| Op. Income | $49M | $47M | $20M | 5.0% | 140.4% |
| Gross Margin | 44.1% | 43.5% | 42.5% | 0.6pp | 1.6pp |
| Net Margin | 20.4% | 17.4% | 12.4% | 3.1pp | 8.0pp |
| EPS (Diluted) | $1.22 | $1.05 | $0.48 | 16.2% | 154.2% |
| Free Cash Flow | $24M | $35M | $14M | -30.8% | 76.5% |
| Item | Amount |
|---|---|
| REVENUE | $204M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $90M |
| R&D Expenses | $17M |
| Selling & Marketing | $11M |
| General & Administrative | $13M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $155M |
| OPERATING INCOME | $49M |
| Interest Income | $95.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $3M |
| EBIT | $49M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $204M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $90M |
| R&D Expenses | $17M |
| Selling & Marketing | $11M |
| General & Administrative | $13M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $155M |
| OPERATING INCOME | $49M |
| Interest Income | $95.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $3M |
| EBIT | $49M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$229.0K |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $297M |
| Short-Term Investments | $0 |
| Net Receivables | $119M |
| Inventory | $204M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $649M |
| PP&E (Net) | $64M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $36M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $133M |
| TOTAL ASSETS | $782M |
| Account Payables | $51M |
| Short-Term Debt | $0 |
| Deferred Revenue | $60M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $147M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $75M |
| TOTAL LIABILITIES | $223M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $555M |
| Retained Earnings | $4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $588.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $559M |
| Minority Interest | $0 |
| TOTAL EQUITY | $559M |
| TOTAL LIABILITIES & EQUITY | $782M |
| Total Debt | $47M |
| Net Debt | -$250M |
