| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $353M | $364M | $298M | -3.0% | 18.6% |
| Op. Income | $39M | $38M | $18M | 0.5% | 111.4% |
| Gross Margin | 60.2% | 58.8% | 55.8% | 1.4pp | 4.3pp |
| Net Margin | 8.1% | 7.0% | 4.2% | 1.1pp | 3.9pp |
| EPS (Diluted) | $0.21 | $0.19 | $0.09 | 10.5% | 121.8% |
| Free Cash Flow | $71M | $76M | $47M | -5.6% | 53.1% |
| Item | Amount |
|---|---|
| REVENUE | $353M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $212M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $116M |
| Other Expenses | $0 |
| Operating Expenses | $174M |
| Cost & Expenses | $315M |
| OPERATING INCOME | $39M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $10M |
| EBIT | $38M |
| EBITDA | $47M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $353M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $212M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $116M |
| Other Expenses | $0 |
| Operating Expenses | $174M |
| Cost & Expenses | $315M |
| OPERATING INCOME | $39M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $10M |
| EBIT | $38M |
| EBITDA | $47M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$65.0K |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $76M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$28M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$81M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $224M |
| Short-Term Investments | $0 |
| Net Receivables | $132M |
| Inventory | $101M |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $532M |
| PP&E (Net) | $90M |
| Goodwill | $393M |
| Intangible Assets | $14M |
| Long-Term Investments | -$8M |
| Tax Assets | $8M |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $574M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $80M |
| Short-Term Debt | $20M |
| Deferred Revenue | $293M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $529M |
| Long-Term Debt | $185M |
| Deferred Revenue NC | $233M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $469M |
| TOTAL LIABILITIES | $998M |
| Common Stock | $146.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$827M |
| Treasury Stock | -$213M |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $108M |
| Minority Interest | $0 |
| TOTAL EQUITY | $108M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $257M |
| Net Debt | $32M |
