| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $409M | $424M | $356M | -3.6% | 14.8% |
| Op. Income | $29M | -$48M | $83M | 160.0% | -65.4% |
| Gross Margin | 96.5% | 96.2% | 96.3% | 0.3pp | 0.2pp |
| Net Margin | 9.8% | -7.1% | 19.3% | 16.9pp | -9.5pp |
| EPS (Diluted) | $0.12 | $-0.09 | $0.21 | 228.6% | -42.9% |
| Free Cash Flow | $36M | -$39M | $142M | 192.5% | -74.7% |
| Item | Amount |
|---|---|
| REVENUE | $409M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $394M |
| R&D Expenses | $234M |
| Selling & Marketing | $0 |
| General & Administrative | $131M |
| SG&A Expenses | $131M |
| Other Expenses | -$54.0K |
| Operating Expenses | $366M |
| Cost & Expenses | $380M |
| OPERATING INCOME | $29M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $7M |
| EBIT | $29M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $409M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $394M |
| R&D Expenses | $234M |
| Selling & Marketing | $0 |
| General & Administrative | $131M |
| SG&A Expenses | $131M |
| Other Expenses | -$54.0K |
| Operating Expenses | $366M |
| Cost & Expenses | $380M |
| OPERATING INCOME | $29M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $7M |
| EBIT | $29M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $39M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $84M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$312M |
| Sales/Maturities of Investments | $311M |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $541M |
| Short-Term Investments | $773M |
| Net Receivables | $234M |
| Inventory | $30M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $406M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $807M |
| Tax Assets | $230M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $33M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $82M |
| TOTAL CURRENT LIABILITIES | $328M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $261M |
| TOTAL LIABILITIES | $588M |
| Common Stock | $325.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $187M |
| Net Debt | -$354M |
