| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $221M | $204M | $147M | 8.6% | 50.2% |
| Op. Income | $54M | $49M | $24M | 10.7% | 125.6% |
| Gross Margin | 44.8% | 44.1% | 43.5% | 0.8pp | 1.4pp |
| Net Margin | 20.0% | 20.4% | 12.8% | -0.5pp | 7.1pp |
| EPS (Diluted) | $1.32 | $1.22 | $0.55 | 8.2% | 140.0% |
| Free Cash Flow | $2M | $24M | $30M | -93.4% | -94.6% |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $99M |
| R&D Expenses | $19M |
| Selling & Marketing | $13M |
| General & Administrative | $14M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $167M |
| OPERATING INCOME | $54M |
| Interest Income | $352.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $3M |
| EBIT | $54M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $99M |
| R&D Expenses | $19M |
| Selling & Marketing | $13M |
| General & Administrative | $14M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $167M |
| OPERATING INCOME | $54M |
| Interest Income | $352.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $3M |
| EBIT | $54M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $3M |
| 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 | -$246.0K |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $287M |
| Short-Term Investments | $0 |
| Net Receivables | $146M |
| Inventory | $213M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $680M |
| PP&E (Net) | $65M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $34M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $132M |
| TOTAL ASSETS | $812M |
| Account Payables | $49M |
| Short-Term Debt | $0 |
| Deferred Revenue | $63M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $72M |
| TOTAL LIABILITIES | $225M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $549M |
| Retained Earnings | $40M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $587M |
| Minority Interest | $0 |
| TOTAL EQUITY | $587M |
| TOTAL LIABILITIES & EQUITY | $812M |
| Total Debt | $47M |
| Net Debt | -$240M |
