| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $102M | $98M | 12.8% | 17.8% |
| Op. Income | $38M | $32M | $36M | 19.9% | 7.5% |
| Gross Margin | 88.3% | 87.1% | 88.7% | 1.2pp | -0.4pp |
| Net Margin | 29.0% | 25.7% | 56.9% | 3.3pp | -27.8pp |
| EPS (Diluted) | $0.16 | $0.12 | $0.26 | 33.3% | -38.5% |
| Free Cash Flow | $47M | $38M | $26M | 26.0% | 85.4% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $102M |
| R&D Expenses | $21M |
| Selling & Marketing | $33M |
| General & Administrative | $10M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $77M |
| OPERATING INCOME | $38M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $3M |
| EBIT | $38M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $102M |
| R&D Expenses | $21M |
| Selling & Marketing | $33M |
| General & Administrative | $10M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $77M |
| OPERATING INCOME | $38M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $3M |
| EBIT | $38M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $779.0K |
| FREE CASH FLOW | $47M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $136M |
| Short-Term Investments | $665M |
| Net Receivables | $75M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $899M |
| PP&E (Net) | $26M |
| Goodwill | $68M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $40M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $169M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $70M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $106M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $140.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $193.0K |
| Additional Paid-In Capital | $746M |
| Retained Earnings | $203M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $930M |
| Minority Interest | $0 |
| TOTAL EQUITY | $930M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $16M |
| Net Debt | -$121M |
