| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $299M | $290M | $264M | 3.1% | 13.0% |
| Op. Income | $38M | $35M | $16M | 8.9% | 132.7% |
| Gross Margin | 48.1% | 48.2% | 47.6% | -0.1pp | 0.5pp |
| Net Margin | 7.0% | 7.0% | 2.3% | 0.1pp | 4.7pp |
| EPS (Diluted) | $0.68 | $0.66 | $0.19 | 3.0% | 257.9% |
| Free Cash Flow | $7M | $49M | -$16M | -86.2% | 142.1% |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $144M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $11M |
| Operating Expenses | $106M |
| Cost & Expenses | $261M |
| OPERATING INCOME | $38M |
| Interest Income | $569.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $17M |
| EBIT | $36M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $144M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $11M |
| Operating Expenses | $106M |
| Cost & Expenses | $261M |
| OPERATING INCOME | $38M |
| Interest Income | $569.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $17M |
| EBIT | $36M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $71.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $28M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$62M |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $0 |
| Net Receivables | $331M |
| Inventory | $0 |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $732M |
| PP&E (Net) | $111M |
| Goodwill | $305M |
| Intangible Assets | $118M |
| Long-Term Investments | $0 |
| Tax Assets | $22M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $564M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $36M |
| Short-Term Debt | $38M |
| Deferred Revenue | $89M |
| Other Current Liabilities | $252M |
| TOTAL CURRENT LIABILITIES | $442M |
| Long-Term Debt | $404M |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $120.0K |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $486M |
| TOTAL LIABILITIES | $928M |
| Common Stock | $712.0K |
| Additional Paid-In Capital | $493M |
| Retained Earnings | $948M |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $368M |
| Minority Interest | $0 |
| TOTAL EQUITY | $368M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $506M |
| Net Debt | $338M |
