| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $176M | $162M | 4.8% | 14.1% |
| Op. Income | $10M | $15M | $21M | -32.6% | -52.6% |
| Gross Margin | 49.6% | 51.7% | 53.2% | -2.1pp | -3.6pp |
| Net Margin | 4.4% | 11.3% | 12.7% | -6.9pp | -8.3pp |
| EPS (Diluted) | $0.12 | $0.29 | $0.31 | -58.6% | -61.3% |
| Free Cash Flow | $4M | $9M | $8M | -56.1% | -45.8% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $92M |
| R&D Expenses | $30M |
| Selling & Marketing | $36M |
| General & Administrative | $16M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $175M |
| OPERATING INCOME | $10M |
| Interest Income | $35.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$33.0K |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $4M |
| EBIT | $10M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $92M |
| R&D Expenses | $30M |
| Selling & Marketing | $36M |
| General & Administrative | $16M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $175M |
| OPERATING INCOME | $10M |
| Interest Income | $35.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$33.0K |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $4M |
| EBIT | $10M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $277.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $56M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$137.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $169M |
| Net Receivables | $88M |
| Inventory | $105M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $440M |
| PP&E (Net) | $34M |
| Goodwill | $116M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $169M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $335M |
| TOTAL ASSETS | $775M |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $39M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $142M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $183M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$423M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $592M |
| Minority Interest | $0 |
| TOTAL EQUITY | $592M |
| TOTAL LIABILITIES & EQUITY | $775M |
| Total Debt | $15M |
| Net Debt | -$29M |
