| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $252M | $299M | $347M | -15.7% | -27.4% |
| Op. Income | $19M | $29M | $75M | -33.6% | -74.7% |
| Gross Margin | 38.7% | 38.2% | 42.3% | 0.5pp | -3.6pp |
| Net Margin | 9.6% | 13.9% | 17.3% | -4.3pp | -7.8pp |
| EPS (Diluted) | $0.52 | $0.89 | $1.26 | -41.6% | -58.7% |
| Free Cash Flow | $27M | $81M | $4M | -67.2% | 584.8% |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $98M |
| R&D Expenses | $29M |
| Selling & Marketing | $23M |
| General & Administrative | $31M |
| SG&A Expenses | $54M |
| Other Expenses | -$5M |
| Operating Expenses | $78M |
| Cost & Expenses | $233M |
| OPERATING INCOME | $19M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $10M |
| 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 | $16M |
| EBIT | $14M |
| EBITDA | $30M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $98M |
| R&D Expenses | $29M |
| Selling & Marketing | $23M |
| General & Administrative | $31M |
| SG&A Expenses | $54M |
| Other Expenses | -$5M |
| Operating Expenses | $78M |
| Cost & Expenses | $233M |
| OPERATING INCOME | $19M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $10M |
| 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 | $16M |
| EBIT | $14M |
| EBITDA | $30M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$621.0K |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $25M |
| Purchases of Investments | -$227M |
| Sales/Maturities of Investments | $253M |
| Other Investing Activities | $157.0K |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$90M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$91M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $496M |
| Short-Term Investments | $644M |
| Net Receivables | $184M |
| Inventory | $432M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $586M |
| Goodwill | $38M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $84M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $769M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $60M |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $50M |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $258M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $2.8B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$230M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $19M |
| Net Debt | -$478M |
