| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $74M | $57M | 4.0% | 34.5% |
| Op. Income | $20M | $19M | $14M | 1.9% | 36.7% |
| Gross Margin | 51.7% | 50.7% | 50.5% | 1.0pp | 1.1pp |
| Net Margin | 23.8% | 17.2% | 23.3% | 6.6pp | 0.5pp |
| EPS (Diluted) | $0.38 | $0.28 | $0.30 | 35.7% | 26.7% |
| Free Cash Flow | $0 | $20M | $0 | -100.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $40M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $20M |
| Interest Income | $633.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $478.0K |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $0 |
| EBIT | $20M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $40M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $20M |
| Interest Income | $633.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $478.0K |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $0 |
| EBIT | $20M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $307M |
| Net Receivables | $72M |
| Inventory | $64M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $527M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $595.0K |
| Long-Term Investments | $45M |
| Tax Assets | $187.0K |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $607M |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $91M |
| Long-Term Debt | $195M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $201M |
| TOTAL LIABILITIES | $292M |
| Common Stock | $172.0K |
| Additional Paid-In Capital | $179M |
| Retained Earnings | $137M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $315M |
| Minority Interest | $0 |
| TOTAL EQUITY | $315M |
| TOTAL LIABILITIES & EQUITY | $607M |
| Total Debt | $195M |
| Net Debt | $119M |
