| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $290M | $231M | $216M | 25.4% | 34.3% |
| Op. Income | $163M | $117M | $88M | 39.2% | 84.9% |
| Gross Margin | 83.0% | 75.2% | 74.6% | 7.8pp | 8.3pp |
| Net Margin | 47.2% | 40.3% | 37.9% | 6.9pp | 9.3pp |
| EPS (Diluted) | $1.05 | $0.72 | $0.61 | 45.8% | 72.1% |
| Free Cash Flow | $114M | $53M | $129M | 114.0% | -12.1% |
| Item | Amount |
|---|---|
| REVENUE | $290M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $241M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $18M |
| Operating Expenses | $77M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $165M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $20M |
| EBIT | $170M |
| EBITDA | $190M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $290M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $241M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $18M |
| Operating Expenses | $77M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $165M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $20M |
| EBIT | $170M |
| EBITDA | $190M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $137M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $292.0K |
| Other Non-Cash Items | -$926.0K |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $115M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$304M |
| Sales/Maturities of Investments | $138M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$167M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $512M |
| Net Receivables | $286M |
| Inventory | $131M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $74M |
| Goodwill | $417M |
| Intangible Assets | $420M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $991M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $62M |
| Retained Earnings | $398M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $453M |
| Minority Interest | $0 |
| TOTAL EQUITY | $453M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $1.5B |
| Net Debt | $1.3B |
