| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $193M | $183M | $139M | 5.2% | 38.2% |
| Op. Income | $57M | $63M | $64M | -9.0% | -11.2% |
| Gross Margin | 65.0% | 70.7% | 91.3% | -5.7pp | -26.3pp |
| Net Margin | 23.2% | 26.9% | 36.0% | -3.7pp | -12.8pp |
| EPS (Diluted) | $1.17 | $1.29 | $1.32 | -9.3% | -11.4% |
| Free Cash Flow | $49M | $70M | $73M | -29.9% | -32.9% |
| Item | Amount |
|---|---|
| REVENUE | $193M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $125M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | $25M |
| Operating Expenses | $68M |
| Cost & Expenses | $135M |
| OPERATING INCOME | $57M |
| Interest Income | $201M |
| Interest Expense | $59M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $3M |
| EBIT | $57M |
| EBITDA | $60M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $193M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $125M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | $25M |
| Operating Expenses | $68M |
| Cost & Expenses | $135M |
| OPERATING INCOME | $57M |
| Interest Income | $201M |
| Interest Expense | $59M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $3M |
| EBIT | $57M |
| EBITDA | $60M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$879.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$590.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $142M |
| Other Investing Activities | -$195M |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | -$167M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $291M |
| NET CASH FROM FINANCING | $114M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $373M |
| Short-Term Investments | $1.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $41M |
| Goodwill | $365M |
| Intangible Assets | $13M |
| Long-Term Investments | $11.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $477M |
| TOTAL NON-CURRENT ASSETS | $12.2B |
| TOTAL ASSETS | $14.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.9B |
| TOTAL CURRENT LIABILITIES | $11.9B |
| Long-Term Debt | $338M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $165M |
| TOTAL NON-CURRENT LIABILITIES | $503M |
| TOTAL LIABILITIES | $12.4B |
| Common Stock | $374.0K |
| Additional Paid-In Capital | $992M |
| Retained Earnings | $715M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$168M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $14.0B |
| Total Debt | $338M |
| Net Debt | -$35M |
