| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $425M | $480M | $409M | -11.3% | 4.0% |
| Op. Income | $29M | $82M | $29M | -64.0% | 2.2% |
| Gross Margin | 95.0% | 95.5% | 96.5% | -0.5pp | -1.5pp |
| Net Margin | 8.8% | 17.8% | 9.8% | -9.1pp | -1.0pp |
| EPS (Diluted) | $0.12 | $0.27 | $0.12 | -55.6% | 0.0% |
| Free Cash Flow | $51M | -$3M | $36M | 2074.7% | 41.1% |
| Item | Amount |
|---|---|
| REVENUE | $425M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $404M |
| R&D Expenses | $228M |
| Selling & Marketing | $0 |
| General & Administrative | $114M |
| SG&A Expenses | $114M |
| Other Expenses | $33M |
| Operating Expenses | $375M |
| Cost & Expenses | $396M |
| OPERATING INCOME | $29M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $6M |
| EBIT | $62M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $425M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $404M |
| R&D Expenses | $228M |
| Selling & Marketing | $0 |
| General & Administrative | $114M |
| SG&A Expenses | $114M |
| Other Expenses | $33M |
| Operating Expenses | $375M |
| Cost & Expenses | $396M |
| OPERATING INCOME | $29M |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $49M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $6M |
| EBIT | $62M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $69M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$138M |
| Sales/Maturities of Investments | $268M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | $112M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$185M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$184M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $260M |
| Short-Term Investments | $704M |
| Net Receivables | $241M |
| Inventory | $21M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $457M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $630M |
| Tax Assets | $362M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $253M |
| TOTAL CURRENT LIABILITIES | $373M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $101M |
| TOTAL NON-CURRENT LIABILITIES | $303M |
| TOTAL LIABILITIES | $676M |
| Common Stock | $295.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$259M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $201M |
| Net Debt | -$58M |
