| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $328M | $385M | $231M | -14.7% | 42.1% |
| Op. Income | $52M | $123M | -$43M | -58.0% | 221.2% |
| Gross Margin | 96.4% | 96.1% | 96.2% | 0.2pp | 0.2pp |
| Net Margin | 11.6% | 24.9% | -13.9% | -13.3pp | 25.5pp |
| EPS (Diluted) | $0.12 | $0.30 | $-0.10 | -60.0% | 220.0% |
| Free Cash Flow | $69M | $161M | $12M | -57.3% | 482.7% |
| Item | Amount |
|---|---|
| REVENUE | $328M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $317M |
| R&D Expenses | $163M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $102M |
| Other Expenses | -$19.0K |
| Operating Expenses | $265M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $52M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $5M |
| EBIT | $52M |
| EBITDA | $56M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $328M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $317M |
| R&D Expenses | $163M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $102M |
| Other Expenses | -$19.0K |
| Operating Expenses | $265M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $52M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $5M |
| EBIT | $52M |
| EBITDA | $56M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$388M |
| Sales/Maturities of Investments | $382M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $567M |
| Short-Term Investments | $835M |
| Net Receivables | $179M |
| Inventory | $28M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $100M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $362M |
| Tax Assets | $125M |
| Other Non-Current Assets | $135M |
| TOTAL NON-CURRENT ASSETS | $786M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $270M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $335M |
| Common Stock | $316.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$312M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $52M |
| Net Debt | -$515M |
