| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $470M | $409M | $419M | 14.9% | 12.0% |
| Op. Income | $78M | $29M | $84M | 170.0% | -7.0% |
| Gross Margin | 96.2% | 96.5% | 96.8% | -0.3pp | -0.6pp |
| Net Margin | 17.3% | 9.8% | 16.8% | 7.5pp | 0.4pp |
| EPS (Diluted) | $0.25 | $0.12 | $0.22 | 108.3% | 13.6% |
| Free Cash Flow | $114M | $36M | $19M | 216.4% | 504.2% |
| Item | Amount |
|---|---|
| REVENUE | $470M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $452M |
| R&D Expenses | $233M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $374M |
| Cost & Expenses | $392M |
| OPERATING INCOME | $78M |
| Interest Income | $23M |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $6M |
| EBIT | $78M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $470M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $452M |
| R&D Expenses | $233M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $374M |
| Cost & Expenses | $392M |
| OPERATING INCOME | $78M |
| Interest Income | $23M |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $6M |
| EBIT | $78M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $81M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $121M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$329M |
| Sales/Maturities of Investments | $263M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$124M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$553.0K |
| NET CASH FROM FINANCING | -$125M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | -$78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $464M |
| Short-Term Investments | $802M |
| Net Receivables | $233M |
| Inventory | $29M |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $419M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $839M |
| Tax Assets | $231M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $239M |
| TOTAL CURRENT LIABILITIES | $340M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $275M |
| TOTAL LIABILITIES | $615M |
| Common Stock | $320.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $195M |
| Net Debt | -$270M |
