| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $216M | $181M | 6.5% | 26.7% |
| Op. Income | $101M | $88M | $75M | 14.4% | 35.6% |
| Gross Margin | 77.3% | 74.6% | 76.8% | 2.6pp | 0.5pp |
| Net Margin | 37.1% | 37.9% | 31.8% | -0.8pp | 5.3pp |
| EPS (Diluted) | $0.65 | $0.61 | $0.42 | 6.6% | 54.8% |
| Free Cash Flow | $100M | $129M | $80M | -22.9% | 24.5% |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $178M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $18M |
| Operating Expenses | $77M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $101M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $140.0K |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $21M |
| EBIT | $106M |
| EBITDA | $127M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $178M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $18M |
| Operating Expenses | $77M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $101M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $140.0K |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $21M |
| EBIT | $106M |
| EBITDA | $127M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $102M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$252M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$250M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $218M |
| Net Receivables | $234M |
| Inventory | $128M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $746M |
| PP&E (Net) | $75M |
| Goodwill | $417M |
| Intangible Assets | $473M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $987M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $2M |
| Retained Earnings | $91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
