| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $231M | $196M | $221M | 18.1% | 4.7% |
| Op. Income | $117M | $96M | $94M | 22.7% | 24.1% |
| Gross Margin | 75.2% | 76.5% | 77.3% | -1.3pp | -2.1pp |
| Net Margin | 40.3% | 39.2% | 33.8% | 1.1pp | 6.5pp |
| EPS (Diluted) | $0.72 | $0.60 | $0.56 | 20.0% | 28.6% |
| Free Cash Flow | $53M | $126M | $68M | -57.7% | -22.3% |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $174M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $117M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $508.0K |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $20M |
| EBIT | $117M |
| EBITDA | $138M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $174M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $117M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $508.0K |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $93M |
| D&A | $20M |
| EBIT | $117M |
| EBITDA | $138M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $93M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$84M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$39M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $53M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $188M |
| Short-Term Investments | $341M |
| Net Receivables | $215M |
| Inventory | $159M |
| Other Current Assets | $85M |
| TOTAL CURRENT ASSETS | $988M |
| PP&E (Net) | $75M |
| Goodwill | $417M |
| Intangible Assets | $437M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $982M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $31M |
| Retained Earnings | $261M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $289M |
| Minority Interest | $0 |
| TOTAL EQUITY | $289M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $1.5B |
| Net Debt | $1.3B |
