| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $198M | $192M | $225M | 3.1% | -12.3% |
| Op. Income | $28M | $18M | $36M | 57.7% | -22.5% |
| Gross Margin | 46.1% | 42.5% | 45.3% | 3.6pp | 0.8pp |
| Net Margin | 10.9% | 10.9% | 12.2% | 0.0pp | -1.3pp |
| EPS (Diluted) | $0.44 | $0.42 | $0.61 | 4.8% | -27.9% |
| Free Cash Flow | -$678.0K | $25M | $3M | -102.7% | -119.4% |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $91M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $9M |
| Operating Expenses | $63M |
| Cost & Expenses | $170M |
| OPERATING INCOME | $28M |
| Interest Income | $111.0K |
| Interest Expense | $981.0K |
| Other Income/Expenses | $170.0K |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $12M |
| EBIT | $28M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $91M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $9M |
| Operating Expenses | $63M |
| Cost & Expenses | $170M |
| OPERATING INCOME | $28M |
| Interest Income | $111.0K |
| Interest Expense | $981.0K |
| Other Income/Expenses | $170.0K |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $12M |
| EBIT | $28M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $397.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | $57.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | -$678.0K |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $267M |
| Short-Term Investments | $92M |
| Net Receivables | $211M |
| Inventory | $160M |
| Other Current Assets | $824.0K |
| TOTAL CURRENT ASSETS | $752M |
| PP&E (Net) | $89M |
| Goodwill | $216M |
| Intangible Assets | $167M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $491M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $86M |
| Short-Term Debt | $11M |
| Deferred Revenue | $24M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $102M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $180M |
| TOTAL LIABILITIES | $356M |
| Common Stock | $49M |
| Additional Paid-In Capital | $673M |
| Retained Earnings | $215M |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $887M |
| Minority Interest | $0 |
| TOTAL EQUITY | $887M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $135M |
| Net Debt | -$132M |
