| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $111M | $91M | -2.3% | 19.7% |
| Op. Income | $30M | $33M | $22M | -9.6% | 36.9% |
| Gross Margin | 87.9% | 87.7% | 85.6% | 0.2pp | 2.3pp |
| Net Margin | 26.2% | 27.6% | 24.7% | -1.4pp | 1.5pp |
| EPS (Diluted) | $0.13 | $0.14 | $0.10 | -7.1% | 30.0% |
| Free Cash Flow | $56M | $46M | $43M | 22.0% | 30.5% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $95M |
| R&D Expenses | $22M |
| Selling & Marketing | $34M |
| General & Administrative | $9M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $30M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $3M |
| EBIT | $30M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $95M |
| R&D Expenses | $22M |
| Selling & Marketing | $34M |
| General & Administrative | $9M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $79M |
| OPERATING INCOME | $30M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $3M |
| EBIT | $30M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$26.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $154M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $117M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | $149M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $307M |
| Short-Term Investments | $566M |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $990M |
| PP&E (Net) | $25M |
| Goodwill | $68M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $39M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $164M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $582.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $98M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $191.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $163M |
| Common Stock | $195.0K |
| Additional Paid-In Capital | $778M |
| Retained Earnings | $225M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $991M |
| Minority Interest | $0 |
| TOTAL EQUITY | $991M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $16M |
| Net Debt | -$291M |
