| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $123M | $109M | -1.3% | 11.5% |
| Op. Income | $35M | $32M | $28M | 10.0% | 24.4% |
| Gross Margin | 77.3% | 76.5% | 76.5% | 0.8pp | 0.8pp |
| Net Margin | 21.8% | 18.6% | 23.4% | 3.2pp | -1.6pp |
| EPS (Diluted) | $0.30 | $0.27 | $0.30 | 11.1% | 0.0% |
| Free Cash Flow | $50M | $45M | $42M | 11.9% | 18.6% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $94M |
| R&D Expenses | $17M |
| Selling & Marketing | $15M |
| General & Administrative | $12M |
| SG&A Expenses | $27M |
| Other Expenses | $15M |
| Operating Expenses | $59M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $285.0K |
| Other Income/Expenses | $752.0K |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $16M |
| EBIT | $35M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $94M |
| R&D Expenses | $17M |
| Selling & Marketing | $15M |
| General & Administrative | $12M |
| SG&A Expenses | $27M |
| Other Expenses | $15M |
| Operating Expenses | $59M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $285.0K |
| Other Income/Expenses | $752.0K |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $16M |
| EBIT | $35M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$272.0K |
| Other Non-Cash Items | -$97.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $786.0K |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $316M |
| PP&E (Net) | $18M |
| Goodwill | $658M |
| Intangible Assets | $232M |
| Long-Term Investments | $0 |
| Tax Assets | $11M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $940M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $63M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $208M |
| Common Stock | $538M |
| Additional Paid-In Capital | $483M |
| Retained Earnings | $75M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $8M |
| Net Debt | -$230M |
