| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $419M | $356M | $385M | 17.8% | 8.9% |
| Op. Income | $84M | $83M | $123M | 0.6% | -32.0% |
| Gross Margin | 96.8% | 96.3% | 96.1% | 0.5pp | 0.7pp |
| Net Margin | 16.8% | 19.3% | 24.9% | -2.4pp | -8.1pp |
| EPS (Diluted) | $0.22 | $0.21 | $0.30 | 4.8% | -26.7% |
| Free Cash Flow | $19M | $142M | $161M | -86.8% | -88.3% |
| Item | Amount |
|---|---|
| REVENUE | $419M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $406M |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $123M |
| Other Expenses | $45.0K |
| Operating Expenses | $322M |
| Cost & Expenses | $336M |
| OPERATING INCOME | $84M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $5M |
| EBIT | $84M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $419M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $406M |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $123M |
| Other Expenses | $45.0K |
| Operating Expenses | $322M |
| Cost & Expenses | $336M |
| OPERATING INCOME | $84M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $5M |
| EBIT | $84M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$356M |
| Sales/Maturities of Investments | $233M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$135M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | -$100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $627M |
| Short-Term Investments | $908M |
| Net Receivables | $235M |
| Inventory | $33M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $109M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $464M |
| Tax Assets | $114M |
| Other Non-Current Assets | $280M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $305M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $186M |
| TOTAL LIABILITIES | $490M |
| Common Stock | $322.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$77M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $161M |
| Net Debt | -$466M |
