| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $280M | $249M | $217M | 12.5% | 28.8% |
| Op. Income | $52M | $15M | $26M | 246.2% | 104.9% |
| Gross Margin | 83.5% | 82.7% | 81.8% | 0.8pp | 1.7pp |
| Net Margin | 22.0% | 14.4% | 20.8% | 7.6pp | 1.2pp |
| EPS (Diluted) | $0.13 | $0.08 | $0.10 | 68.5% | 33.8% |
| Free Cash Flow | $79M | $69M | $112M | 15.1% | -28.9% |
| Item | Amount |
|---|---|
| REVENUE | $280M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $234M |
| R&D Expenses | $65M |
| Selling & Marketing | $80M |
| General & Administrative | $38M |
| SG&A Expenses | $118M |
| Other Expenses | -$1M |
| Operating Expenses | $181M |
| Cost & Expenses | $228M |
| OPERATING INCOME | $52M |
| Interest Income | $22M |
| Interest Expense | $0 |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $0 |
| EBIT | $52M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $280M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $234M |
| R&D Expenses | $65M |
| Selling & Marketing | $80M |
| General & Administrative | $38M |
| SG&A Expenses | $118M |
| Other Expenses | -$1M |
| Operating Expenses | $181M |
| Cost & Expenses | $228M |
| OPERATING INCOME | $52M |
| Interest Income | $22M |
| Interest Expense | $0 |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $0 |
| EBIT | $52M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | -$24M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $295.4K |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $127M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $79M |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $507M |
| Short-Term Investments | $1.6B |
| Net Receivables | $5M |
| Inventory | $407.2K |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $339M |
| Goodwill | $953.8K |
| Intangible Assets | $40M |
| Long-Term Investments | $250M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $630M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $464M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $606M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $640M |
| Common Stock | $83.4K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2.2B |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $58M |
| Net Debt | -$449M |
