| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $278M | $269M | $218M | 3.3% | 27.8% |
| Op. Income | $71M | $63M | $15M | 12.1% | 380.1% |
| Gross Margin | 56.8% | 56.8% | 54.4% | -0.1pp | 2.4pp |
| Net Margin | 21.9% | 23.0% | 4.7% | -1.1pp | 17.2pp |
| EPS (Diluted) | $0.31 | $0.32 | $0.05 | -3.1% | 481.6% |
| Free Cash Flow | $4M | $17M | $22M | -76.1% | -81.3% |
| Item | Amount |
|---|---|
| REVENUE | $278M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $158M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $71M |
| Interest Income | $843.0K |
| Interest Expense | $769.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $14M |
| EBIT | $69M |
| EBITDA | $83M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $278M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $158M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $71M |
| Interest Income | $843.0K |
| Interest Expense | $769.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $14M |
| EBIT | $69M |
| EBITDA | $83M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $61M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $353M |
| Short-Term Investments | $5M |
| Net Receivables | $125M |
| Inventory | $174M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $706M |
| PP&E (Net) | $285M |
| Goodwill | $28M |
| Intangible Assets | $52M |
| Long-Term Investments | $27M |
| Tax Assets | $59M |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $534M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $65M |
| Short-Term Debt | $0 |
| Deferred Revenue | -$5M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $154M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $53M |
| TOTAL LIABILITIES | $206M |
| Common Stock | $2M |
| Additional Paid-In Capital | $675M |
| Retained Earnings | $371M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $1M |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $46M |
| Net Debt | -$307M |
