| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $199M | $193M | $157M | 3.1% | 26.4% |
| Op. Income | $56M | $57M | $76M | -2.7% | -27.4% |
| Gross Margin | 57.5% | 65.0% | 87.2% | -7.6pp | -29.8pp |
| Net Margin | 22.4% | 23.2% | 38.2% | -0.8pp | -15.8pp |
| EPS (Diluted) | $1.16 | $1.17 | $1.58 | -0.9% | -26.6% |
| Free Cash Flow | $75M | $49M | $28M | 52.7% | 164.9% |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $45M |
| SG&A Expenses | $45M |
| Other Expenses | $14M |
| Operating Expenses | $59M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $56M |
| Interest Income | $207M |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $11M |
| 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 | $56M |
| EBITDA | $58M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $45M |
| SG&A Expenses | $45M |
| Other Expenses | $14M |
| Operating Expenses | $59M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $56M |
| Interest Income | $207M |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $11M |
| 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 | $56M |
| EBITDA | $58M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$176M |
| Sales/Maturities of Investments | $81M |
| Other Investing Activities | -$290M |
| NET CASH FROM INVESTING | -$389M |
| Net Debt Issuance | $115M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $267M |
| NET CASH FROM FINANCING | $372M |
| FREE CASH FLOW | $75M |
| Net Change in Cash | $62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $434M |
| Short-Term Investments | $1.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $43M |
| Goodwill | $365M |
| Intangible Assets | $12M |
| Long-Term Investments | $11.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $488M |
| TOTAL NON-CURRENT ASSETS | $12.5B |
| TOTAL ASSETS | $14.5B |
| Account Payables | $0 |
| Short-Term Debt | $250M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.2B |
| TOTAL CURRENT LIABILITIES | $12.4B |
| Long-Term Debt | $204M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $172M |
| TOTAL NON-CURRENT LIABILITIES | $376M |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $374.0K |
| Additional Paid-In Capital | $995M |
| Retained Earnings | $750M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$101M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $14.5B |
| Total Debt | $454M |
| Net Debt | $20M |
