| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $277M | $294M | $243M | -5.5% | 14.3% |
| Op. Income | $19M | $25M | $19M | -22.7% | 2.3% |
| Gross Margin | 50.5% | 50.5% | 52.5% | 0.0pp | -2.1pp |
| Net Margin | 6.2% | 8.6% | 7.5% | -2.4pp | -1.3pp |
| EPS (Diluted) | $0.29 | $0.42 | $0.30 | -31.0% | -3.3% |
| Free Cash Flow | -$38M | $165M | -$2M | -122.8% | -2210.1% |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $140M |
| R&D Expenses | $86M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $19M |
| Interest Income | $1M |
| Interest Expense | $259.0K |
| Other Income/Expenses | $519.0K |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $12M |
| EBIT | $20M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $140M |
| R&D Expenses | $86M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $19M |
| Interest Income | $1M |
| Interest Expense | $259.0K |
| Other Income/Expenses | $519.0K |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $12M |
| EBIT | $20M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $108.0K |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$54M |
| Sales/Maturities of Investments | $49M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $385M |
| Short-Term Investments | $61M |
| Net Receivables | $137M |
| Inventory | $193M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $839M |
| PP&E (Net) | $290M |
| Goodwill | $288M |
| Intangible Assets | $18M |
| Long-Term Investments | $312M |
| Tax Assets | $19M |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $975M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $95M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $187M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $94M |
| TOTAL NON-CURRENT LIABILITIES | $221M |
| TOTAL LIABILITIES | $407M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$110M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $141M |
| Net Debt | -$244M |
