| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $181M | $117M | -10.7% | 38.3% |
| Op. Income | $54M | $75M | $76M | -27.8% | -28.9% |
| Gross Margin | 78.3% | 76.8% | 86.4% | 1.5pp | -8.1pp |
| Net Margin | 24.4% | 31.8% | 51.3% | -7.4pp | -26.8pp |
| EPS (Diluted) | $0.29 | $0.42 | $0.43 | -31.0% | -32.6% |
| Free Cash Flow | $76M | $80M | $47M | -5.6% | 59.8% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $127M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $18M |
| Operating Expenses | $73M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $20M |
| EBIT | $57M |
| EBITDA | $77M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $127M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $18M |
| Operating Expenses | $73M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $20M |
| EBIT | $57M |
| EBITDA | $77M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$151M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$165M |
| FREE CASH FLOW | $76M |
| Net Change in Cash | -$138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $179M |
| Net Receivables | $195M |
| Inventory | $108M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $615M |
| PP&E (Net) | $78M |
| Goodwill | $416M |
| Intangible Assets | $529M |
| Long-Term Investments | $0 |
| Tax Assets | $36M |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $132.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $66M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $24.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $66M |
| Minority Interest | $0 |
| TOTAL EQUITY | $66M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
