| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $182M | $186M | $147M | -2.0% | 23.8% |
| Op. Income | $32M | $31M | $22M | 2.1% | 42.7% |
| Gross Margin | 39.2% | 39.1% | 38.7% | 0.1pp | 0.5pp |
| Net Margin | 13.6% | 13.9% | 11.9% | -0.4pp | 1.6pp |
| EPS (Diluted) | $0.84 | $0.88 | $0.60 | -4.5% | 40.0% |
| Free Cash Flow | $36M | $28M | $29M | 26.3% | 25.9% |
| Item | Amount |
|---|---|
| REVENUE | $182M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $71M |
| R&D Expenses | $19M |
| Selling & Marketing | -$33.0K |
| General & Administrative | $39M |
| SG&A Expenses | $39M |
| Other Expenses | -$19M |
| Operating Expenses | $39M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $32M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $7M |
| EBIT | $32M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $182M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $71M |
| R&D Expenses | $19M |
| Selling & Marketing | -$33.0K |
| General & Administrative | $39M |
| SG&A Expenses | $39M |
| Other Expenses | -$19M |
| Operating Expenses | $39M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $32M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $7M |
| EBIT | $32M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$64.0K |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $38M |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $192M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $154M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $442M |
| PP&E (Net) | $74M |
| Goodwill | $113M |
| Intangible Assets | $54M |
| Long-Term Investments | $0 |
| Tax Assets | $23M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $275M |
| TOTAL ASSETS | $717M |
| Account Payables | $82M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $50M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $68M |
| TOTAL LIABILITIES | $200M |
| Common Stock | $37M |
| Additional Paid-In Capital | $59M |
| Retained Earnings | $459M |
| Treasury Stock | -$37M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $516M |
| Minority Interest | $0 |
| TOTAL EQUITY | $516M |
| TOTAL LIABILITIES & EQUITY | $717M |
| Total Debt | $0 |
| Net Debt | -$192M |
