| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146M | $142M | $148M | 2.6% | -1.1% |
| Op. Income | $23M | $21M | $27M | 13.1% | -11.8% |
| Gross Margin | 35.6% | 34.8% | 36.9% | 0.7pp | -1.3pp |
| Net Margin | 12.6% | 10.5% | 13.7% | 2.1pp | -1.1pp |
| EPS (Diluted) | $0.58 | $0.47 | $0.63 | 23.4% | -7.9% |
| Free Cash Flow | $7M | $20M | $16M | -67.4% | -58.2% |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $52M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $23M |
| Interest Income | $1M |
| Interest Expense | $694.0K |
| Other Income/Expenses | -$667.0K |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $7M |
| EBIT | $24M |
| EBITDA | $31M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $52M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $23M |
| Interest Income | $1M |
| Interest Expense | $694.0K |
| Other Income/Expenses | -$667.0K |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $7M |
| EBIT | $24M |
| EBITDA | $31M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$236.0K |
| Other Non-Cash Items | $223.0K |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $144M |
| Short-Term Investments | $0 |
| Net Receivables | $98M |
| Inventory | $63M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $323M |
| PP&E (Net) | $118M |
| Goodwill | $156M |
| Intangible Assets | $110M |
| Long-Term Investments | $827.0K |
| Tax Assets | $23M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $424M |
| TOTAL ASSETS | $747M |
| Account Payables | $53M |
| Short-Term Debt | $4M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $106M |
| Long-Term Debt | $80M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $127M |
| TOTAL LIABILITIES | $233M |
| Common Stock | $319M |
| Additional Paid-In Capital | $42M |
| Retained Earnings | $564M |
| Treasury Stock | -$412M |
| Accum. Other Comp. Income | $698.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $514M |
| Minority Interest | $0 |
| TOTAL EQUITY | $514M |
| TOTAL LIABILITIES & EQUITY | $747M |
| Total Debt | $105M |
| Net Debt | -$38M |
