| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $127M | $106M | -36.7% | -24.3% |
| Op. Income | $18M | $51M | $41M | -64.7% | -55.9% |
| Gross Margin | 79.6% | 84.0% | 82.8% | -4.4pp | -3.2pp |
| Net Margin | 29.5% | 43.5% | 38.2% | -14.0pp | -8.7pp |
| EPS (Diluted) | $0.28 | $0.64 | $0.47 | -56.3% | -40.4% |
| Free Cash Flow | $24M | $59M | $21M | -59.1% | 15.5% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $64M |
| R&D Expenses | $4M |
| Selling & Marketing | $40M |
| General & Administrative | $3M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $46M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $18M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $165.0K |
| EBIT | $18M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $64M |
| R&D Expenses | $4M |
| Selling & Marketing | $40M |
| General & Administrative | $3M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $46M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $18M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $165.0K |
| EBIT | $18M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $165.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$37.0K |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $848.0K |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$112.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$153M |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $234.0K |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $650M |
| Net Receivables | $52M |
| Inventory | $52M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $874M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $700.0K |
| Tax Assets | $1M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $892M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $76M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $815M |
| TOTAL STOCKHOLDERS' EQUITY | $815M |
| Minority Interest | $0 |
| TOTAL EQUITY | $815M |
| TOTAL LIABILITIES & EQUITY | $892M |
| Total Debt | $6M |
| Net Debt | -$115M |
