FY 2023 Earnings

Reported December 31, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$266M	—	$216M	—	23.0%
Op. Income	$63M	—	$57M	—	10.8%
Gross Margin	69.9%	—	79.1%	—	-9.3pp
Net Margin	18.8%	—	20.6%	—	-1.8pp
EPS (Diluted)	$2.97	—	$2.80	—	6.1%

Revenue Flow

Item	Amount
REVENUE	$266M
Cost of Revenue	$80M
GROSS PROFIT	$186M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$68M
SG&A Expenses	$70M
Other Expenses	$52M
Operating Expenses	$122M
Cost & Expenses	$202M
OPERATING INCOME	$63M
Interest Income	$234M
Interest Expense	$65M
Other Income/Expenses	$0
INCOME BEFORE TAX	$63M
Income Tax Expense	$13M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$16M
EBIT	$63M
EBITDA	$79M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$266M
Cost of Revenue	$80M
GROSS PROFIT	$186M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$68M
SG&A Expenses	$70M
Other Expenses	$52M
Operating Expenses	$122M
Cost & Expenses	$202M
OPERATING INCOME	$63M
Interest Income	$234M
Interest Expense	$65M
Other Income/Expenses	$0
INCOME BEFORE TAX	$63M
Income Tax Expense	$13M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$16M
EBIT	$63M
EBITDA	$79M
EPS	$3
EPS Diluted	$3

Balance Sheet

Item	Amount
Cash & Equivalents	$382M
Short-Term Investments	$127M
Net Receivables	$167M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$676M
PP&E (Net)	$71M
Goodwill	$34M
Intangible Assets	$9M
Long-Term Investments	$3.7B
Tax Assets	$12M
Other Non-Current Assets	$214M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.7B
Account Payables	$0
Short-Term Debt	$124M
Deferred Revenue	$0
Other Current Liabilities	$3.7B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$10M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$378M
TOTAL NON-CURRENT LIABILITIES	$388M
TOTAL LIABILITIES	$4.2B
Common Stock	$174.0K
Additional Paid-In Capital	$172M
Retained Earnings	$333M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	-$4M
TOTAL STOCKHOLDERS' EQUITY	$500M
Minority Interest	$0
TOTAL EQUITY	$500M
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$134M
Net Debt	-$248M