| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $332M | $410M | $248M | -19.1% | 34.0% |
| Op. Income | $81M | $127M | $83M | -36.5% | -3.4% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 21.9% | 27.3% | 69.3% | -5.4pp | -47.4pp |
| EPS (Diluted) | $0.11 | $0.17 | $0.26 | -34.3% | -57.2% |
| Free Cash Flow | $83M | $27M | $181M | 206.4% | -54.2% |
| Item | Amount |
|---|---|
| REVENUE | $332M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $332M |
| R&D Expenses | $181M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $251M |
| Cost & Expenses | $251M |
| OPERATING INCOME | $81M |
| Interest Income | $6M |
| Interest Expense | $626.7K |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $10M |
| EBIT | $97M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $332M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $332M |
| R&D Expenses | $181M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $251M |
| Cost & Expenses | $251M |
| OPERATING INCOME | $81M |
| Interest Income | $6M |
| Interest Expense | $626.7K |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $10M |
| EBIT | $97M |
| EBITDA | $106M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $73M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$50M |
| Change in Working Capital | $52M |
| OPERATING CASH FLOW | $92M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$96M |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $83M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.7B |
| Net Receivables | $446M |
| Inventory | $0 |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $153M |
| Goodwill | $0 |
| Intangible Assets | $37M |
| Long-Term Investments | $37M |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $272M |
| TOTAL ASSETS | $3.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $200M |
| TOTAL CURRENT LIABILITIES | $210M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $134M |
| TOTAL LIABILITIES | $344M |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $65M |
| Net Debt | -$1.4B |
