| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $117M | $102M | $89M | 15.0% | 31.7% |
| Op. Income | $76M | $57M | $51M | 33.8% | 49.1% |
| Gross Margin | 86.4% | 78.8% | 79.5% | 7.6pp | 6.9pp |
| Net Margin | 51.3% | 65.5% | 31.3% | -14.2pp | 19.9pp |
| EPS (Diluted) | $0.43 | $0.46 | $0.19 | -6.5% | 126.3% |
| Free Cash Flow | $47M | $82M | $58M | -42.6% | -18.5% |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $101M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $76M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $778.0K |
| EBIT | $76M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $117M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $101M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $76M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $778.0K |
| EBIT | $76M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$490.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $624.0K |
| NET CASH FROM FINANCING | $624.0K |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$884.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $668M |
| Net Receivables | $114M |
| Inventory | $48M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $989M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $143M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $174M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $1M |
| Short-Term Debt | $90M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $788M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $171.0K |
| TOTAL NON-CURRENT LIABILITIES | $790M |
| TOTAL LIABILITIES | $902M |
| Common Stock | $138.0K |
| Additional Paid-In Capital | $262M |
| Retained Earnings | $1M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $260M |
| Minority Interest | $0 |
| TOTAL EQUITY | $260M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $878M |
| Net Debt | $760M |
