| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $153M | $145M | $202M | 5.4% | -24.4% |
| Op. Income | $175M | $204M | -$198M | -14.3% | 188.0% |
| Gross Margin | 90.3% | 91.6% | 93.5% | -1.3pp | -3.2pp |
| Net Margin | 37.5% | 67.1% | -130.0% | -29.5pp | 167.5pp |
| EPS (Diluted) | $0.50 | $1.02 | $-3.56 | -51.0% | 114.0% |
| Free Cash Flow | $30M | $26M | $136M | 15.2% | -77.6% |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $138M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$22M |
| OPERATING INCOME | $175M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $0 |
| EBIT | $175M |
| EBITDA | $175M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $138M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$22M |
| OPERATING INCOME | $175M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $0 |
| EBIT | $175M |
| EBITDA | $175M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$888.0K |
| Sales/Maturities of Investments | $187M |
| Other Investing Activities | -$268M |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | $93M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $232M |
| Short-Term Investments | $0 |
| Net Receivables | $73M |
| Inventory | $0 |
| Other Current Assets | -$305M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $14.2B |
| Account Payables | $0 |
| Short-Term Debt | $3.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $774M |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $7.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.2B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $11.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $225M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $14.2B |
| Total Debt | $10.8B |
| Net Debt | $10.5B |
