| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $197M | $197M | $239M | -0.3% | -17.9% |
| Op. Income | $13M | $31M | $54M | -58.5% | -76.6% |
| Gross Margin | 68.7% | 72.4% | 70.8% | -3.7pp | -2.2pp |
| Net Margin | 5.7% | 9.6% | 23.1% | -3.9pp | -17.4pp |
| EPS (Diluted) | $0.07 | $0.11 | $0.32 | -40.8% | -79.7% |
| Free Cash Flow | $7M | $35M | $62M | -78.7% | -88.0% |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $135M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | -$3M |
| Operating Expenses | $122M |
| Cost & Expenses | $184M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $7M |
| EBIT | $10M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $135M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | -$3M |
| Operating Expenses | $122M |
| Cost & Expenses | $184M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $7M |
| EBIT | $10M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$257M |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $94M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$179M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$193M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $129M |
| Net Receivables | $117M |
| Inventory | $162M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $679M |
| PP&E (Net) | $181M |
| Goodwill | $393M |
| Intangible Assets | $113M |
| Long-Term Investments | $244M |
| Tax Assets | $400M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $32M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $152M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $274M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $361M |
| TOTAL LIABILITIES | $513M |
| Common Stock | $343.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $513M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $79M |
| Net Debt | -$124M |
