| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $179M | $191M | $198M | -6.1% | -9.3% |
| Op. Income | $20M | $27M | $28M | -27.0% | -28.2% |
| Gross Margin | 48.1% | 46.0% | 46.1% | 2.1pp | 2.0pp |
| Net Margin | 8.7% | 11.3% | 10.9% | -2.6pp | -2.2pp |
| EPS (Diluted) | $0.33 | $0.45 | $0.44 | -26.7% | -25.0% |
| Free Cash Flow | $11M | $23M | -$678.0K | -51.4% | 1782.9% |
| Item | Amount |
|---|---|
| REVENUE | $179M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $86M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $10M |
| Operating Expenses | $66M |
| Cost & Expenses | $159M |
| OPERATING INCOME | $20M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $781.0K |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $12M |
| EBIT | $21M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $179M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $86M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $10M |
| Operating Expenses | $66M |
| Cost & Expenses | $159M |
| OPERATING INCOME | $20M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $781.0K |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $12M |
| EBIT | $21M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $872.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$27M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | $120.0K |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$47M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $98M |
| Net Receivables | $176M |
| Inventory | $176M |
| Other Current Assets | $587.0K |
| TOTAL CURRENT ASSETS | $709M |
| PP&E (Net) | $89M |
| Goodwill | $224M |
| Intangible Assets | $144M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $478M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $55M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $38M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $104M |
| TOTAL LIABILITIES | $249M |
| Common Stock | $49M |
| Additional Paid-In Capital | $671M |
| Retained Earnings | $306M |
| Treasury Stock | -$51M |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $939M |
| Minority Interest | $0 |
| TOTAL EQUITY | $939M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $67M |
| Net Debt | -$159M |
