| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $252M | $310M | $254M | -18.7% | -0.6% |
| Op. Income | $57M | $79M | $51M | -28.5% | 10.1% |
| Gross Margin | 46.0% | 44.4% | 40.9% | 1.5pp | 5.0pp |
| Net Margin | 20.4% | 22.9% | 18.8% | -2.5pp | 1.7pp |
| EPS (Diluted) | $1.57 | $2.15 | $1.43 | -27.0% | 9.8% |
| Free Cash Flow | $41M | $55M | $32M | -26.7% | 25.6% |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $116M |
| R&D Expenses | $26M |
| Selling & Marketing | $17M |
| General & Administrative | $16M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $196M |
| OPERATING INCOME | $57M |
| Interest Income | $6M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $4M |
| EBIT | $57M |
| EBITDA | $60M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $116M |
| R&D Expenses | $26M |
| Selling & Marketing | $17M |
| General & Administrative | $16M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $196M |
| OPERATING INCOME | $57M |
| Interest Income | $6M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $4M |
| EBIT | $57M |
| EBITDA | $60M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$145M |
| Sales/Maturities of Investments | $91M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | -$357.0K |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $134M |
| Short-Term Investments | $396M |
| Net Receivables | $209M |
| Inventory | $312M |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $99M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $55M |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $201M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $40M |
| Short-Term Debt | $0 |
| Deferred Revenue | $165M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $277M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $128M |
| TOTAL LIABILITIES | $405M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $547M |
| Retained Earnings | $358M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $902M |
| Minority Interest | $0 |
| TOTAL EQUITY | $902M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $45M |
| Net Debt | -$89M |
