| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $97M | $89M | $72M | 9.4% | 33.9% |
| Op. Income | $21M | $17M | $14M | 23.3% | 49.6% |
| Gross Margin | 46.1% | 44.9% | 46.7% | 1.2pp | -0.6pp |
| Net Margin | 25.6% | 23.4% | 23.8% | 2.1pp | 1.8pp |
| EPS (Diluted) | $0.51 | $0.42 | $0.36 | 21.4% | 41.7% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $97M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $45M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $76M |
| OPERATING INCOME | $21M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $2M |
| 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 | $1M |
| EBIT | $21M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $97M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $45M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $76M |
| OPERATING INCOME | $21M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $2M |
| 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 | $1M |
| EBIT | $21M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$28M |
| 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 | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $254M |
| Net Receivables | $86M |
| Inventory | $92M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $579M |
| PP&E (Net) | $43M |
| Goodwill | $74M |
| Intangible Assets | $16M |
| Long-Term Investments | $90M |
| Tax Assets | $3M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $237M |
| TOTAL ASSETS | $816M |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $119M |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $197M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $215M |
| TOTAL LIABILITIES | $373M |
| Common Stock | $176.0K |
| Additional Paid-In Capital | $144M |
| Retained Earnings | $302M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$410.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $444M |
| Minority Interest | $0 |
| TOTAL EQUITY | $444M |
| TOTAL LIABILITIES & EQUITY | $816M |
| Total Debt | $197M |
| Net Debt | $74M |
