| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $209M | $152M | $116M | 37.2% | 80.4% |
| Op. Income | $83M | $34M | $76M | 144.5% | 10.2% |
| Gross Margin | 77.4% | 77.7% | 84.0% | -0.4pp | -6.6pp |
| Net Margin | 29.5% | 14.9% | 187.0% | 14.6pp | -157.5pp |
| EPS (Diluted) | $0.44 | $0.16 | $1.48 | 175.0% | -70.3% |
| Free Cash Flow | $69M | $39M | $121M | 74.8% | -43.4% |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $162M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $27M |
| Operating Expenses | $78M |
| Cost & Expenses | $126M |
| OPERATING INCOME | $83M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $29M |
| EBIT | $81M |
| EBITDA | $110M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $162M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $27M |
| Operating Expenses | $78M |
| Cost & Expenses | $126M |
| OPERATING INCOME | $83M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $29M |
| EBIT | $81M |
| EBITDA | $110M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $70M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $702M |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$514M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | $56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $147M |
| Short-Term Investments | $118M |
| Net Receivables | $233M |
| Inventory | $103M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $653M |
| PP&E (Net) | $37M |
| Goodwill | $199M |
| Intangible Assets | $949M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $18M |
| Short-Term Debt | $13M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $135M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $135.0K |
| Additional Paid-In Capital | $13M |
| Retained Earnings | $86M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $97M |
| Minority Interest | $0 |
| TOTAL EQUITY | $97M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
