| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $216M | $221M | $209M | -2.3% | 3.4% |
| Op. Income | $88M | $94M | $83M | -6.5% | 6.0% |
| Gross Margin | 74.6% | 77.3% | 77.4% | -2.7pp | -2.7pp |
| Net Margin | 37.9% | 33.8% | 29.5% | 4.1pp | 8.4pp |
| EPS (Diluted) | $0.61 | $0.56 | $0.44 | 8.9% | 38.6% |
| Free Cash Flow | $129M | $68M | $69M | 89.1% | 88.7% |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $161M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $20M |
| Operating Expenses | $73M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $88M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $23M |
| EBIT | $106M |
| EBITDA | $129M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $161M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $20M |
| Operating Expenses | $73M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $88M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $82M |
| D&A | $23M |
| EBIT | $106M |
| EBITDA | $129M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $82M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$81M |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $129M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $274M |
| Short-Term Investments | $209M |
| Net Receivables | $217M |
| Inventory | $129M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $879M |
| PP&E (Net) | $75M |
| Goodwill | $417M |
| Intangible Assets | $491M |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $667.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $115M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $132.0K |
| Additional Paid-In Capital | $26M |
| Retained Earnings | $222M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $249M |
| Minority Interest | $0 |
| TOTAL EQUITY | $249M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $1.5B |
| Net Debt | $1.2B |
