| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $394M | $490M | $277M | -19.7% | 42.0% |
| Op. Income | $54M | $108M | $19M | -49.7% | 184.1% |
| Gross Margin | 51.5% | 52.8% | 50.5% | -1.3pp | 1.0pp |
| Net Margin | 10.1% | 19.7% | 6.2% | -9.6pp | 3.9pp |
| EPS (Diluted) | $0.69 | $1.64 | $0.29 | -57.9% | 137.9% |
| Free Cash Flow | $68M | $250M | -$38M | -72.9% | 279.6% |
| Item | Amount |
|---|---|
| REVENUE | $394M |
| Cost of Revenue | $191M |
| GROSS PROFIT | $203M |
| R&D Expenses | $110M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $148M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $54M |
| Interest Income | $523.0K |
| Interest Expense | $218.0K |
| Other Income/Expenses | $811.0K |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $17M |
| EBIT | $55M |
| EBITDA | $72M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $394M |
| Cost of Revenue | $191M |
| GROSS PROFIT | $203M |
| R&D Expenses | $110M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $148M |
| Cost & Expenses | $339M |
| OPERATING INCOME | $54M |
| Interest Income | $523.0K |
| Interest Expense | $218.0K |
| Other Income/Expenses | $811.0K |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $17M |
| EBIT | $55M |
| EBITDA | $72M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $391.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$448.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$57M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $120.0K |
| NET CASH FROM FINANCING | -$57M |
| FREE CASH FLOW | $68M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $379M |
| Short-Term Investments | $18M |
| Net Receivables | $206M |
| Inventory | $174M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $861M |
| PP&E (Net) | $326M |
| Goodwill | $436M |
| Intangible Assets | $150M |
| Long-Term Investments | $56M |
| Tax Assets | $17M |
| Other Non-Current Assets | $260M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $121M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $76M |
| TOTAL CURRENT LIABILITIES | $253M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $95M |
| TOTAL NON-CURRENT LIABILITIES | $254M |
| TOTAL LIABILITIES | $507M |
| Common Stock | $56.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $173M |
| Net Debt | -$206M |
