| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $310M | $292M | $266M | 6.1% | 16.6% |
| Op. Income | $79M | $72M | $56M | 10.3% | 40.9% |
| Gross Margin | 44.4% | 44.4% | 41.2% | 0.1pp | 3.3pp |
| Net Margin | 22.9% | 22.6% | 21.4% | 0.3pp | 1.5pp |
| EPS (Diluted) | $2.15 | $1.99 | $1.71 | 8.0% | 25.7% |
| Free Cash Flow | $55M | $19M | $119M | 196.1% | -53.3% |
| Item | Amount |
|---|---|
| REVENUE | $310M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $138M |
| R&D Expenses | $25M |
| Selling & Marketing | $17M |
| General & Administrative | $17M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $231M |
| OPERATING INCOME | $79M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $4M |
| EBIT | $89M |
| EBITDA | $92M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $310M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $138M |
| R&D Expenses | $25M |
| Selling & Marketing | $17M |
| General & Administrative | $17M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $231M |
| OPERATING INCOME | $79M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $4M |
| EBIT | $89M |
| EBITDA | $92M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $264.0K |
| OPERATING CASH FLOW | $66M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$117M |
| Sales/Maturities of Investments | $101M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$325.0K |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $303.0K |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $339M |
| Net Receivables | $218M |
| Inventory | $306M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $101M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $53M |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $202M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $54M |
| Short-Term Debt | $0 |
| Deferred Revenue | $165M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $285M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $132M |
| TOTAL LIABILITIES | $417M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $547M |
| Retained Earnings | $320M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $865M |
| Minority Interest | $0 |
| TOTAL EQUITY | $865M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $45M |
| Net Debt | -$122M |
