| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $249M | $238M | $187M | 4.7% | 33.3% |
| Op. Income | $66M | $60M | $36M | 9.7% | 84.3% |
| Gross Margin | 57.3% | 55.5% | 55.9% | 1.8pp | 1.4pp |
| Net Margin | 25.9% | 21.3% | 17.6% | 4.6pp | 8.3pp |
| EPS (Diluted) | $0.33 | $0.26 | $0.17 | 26.9% | 94.1% |
| Free Cash Flow | $40M | $34M | $27M | 14.8% | 47.9% |
| Item | Amount |
|---|---|
| REVENUE | $249M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $143M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $66M |
| Interest Income | $360.0K |
| Interest Expense | $613.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $13M |
| EBIT | $73M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $249M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $143M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $66M |
| Interest Income | $360.0K |
| Interest Expense | $613.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $13M |
| EBIT | $73M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $334M |
| Short-Term Investments | $0 |
| Net Receivables | $134M |
| Inventory | $120M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $620M |
| PP&E (Net) | $247M |
| Goodwill | $28M |
| Intangible Assets | $53M |
| Long-Term Investments | $28M |
| Tax Assets | $46M |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $464M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $50M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $137M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $190M |
| Common Stock | $2M |
| Additional Paid-In Capital | $668M |
| Retained Earnings | $248M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $893M |
| Minority Interest | $1M |
| TOTAL EQUITY | $895M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $40M |
| Net Debt | -$294M |
