| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $111M | $115M | $94M | -3.7% | 18.5% |
| Op. Income | $33M | $38M | $28M | -14.7% | 17.6% |
| Gross Margin | 87.7% | 88.3% | 87.4% | -0.6pp | 0.2pp |
| Net Margin | 27.6% | 29.0% | 39.2% | -1.4pp | -11.6pp |
| EPS (Diluted) | $0.14 | $0.16 | $0.17 | -12.5% | -17.6% |
| Free Cash Flow | $46M | $47M | $45M | -3.9% | 1.7% |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $97M |
| R&D Expenses | $22M |
| Selling & Marketing | $33M |
| General & Administrative | $10M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $3M |
| EBIT | $33M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $97M |
| R&D Expenses | $22M |
| Selling & Marketing | $33M |
| General & Administrative | $10M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $3M |
| EBIT | $33M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$60M |
| Sales/Maturities of Investments | $48M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $158M |
| Short-Term Investments | $683M |
| Net Receivables | $107M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $975M |
| PP&E (Net) | $25M |
| Goodwill | $68M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $35M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $161M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $105M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $140M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $198.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $171M |
| Common Stock | $194.0K |
| Additional Paid-In Capital | $762M |
| Retained Earnings | $218M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $966M |
| Minority Interest | $0 |
| TOTAL EQUITY | $966M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $16M |
| Net Debt | -$142M |
