| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | $286M | $461M | -38.4% | -61.8% |
| Op. Income | $12M | $68M | $151M | -82.5% | -92.2% |
| Gross Margin | 50.3% | 46.3% | 48.4% | 4.0pp | 1.9pp |
| Net Margin | 8.3% | 22.7% | 29.0% | -14.4pp | -20.7pp |
| EPS (Diluted) | $0.25 | $1.10 | $2.11 | -77.3% | -88.2% |
| Free Cash Flow | $71M | $104M | $93M | -31.5% | -23.5% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $89M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $164M |
| OPERATING INCOME | $12M |
| Interest Income | $7M |
| Interest Expense | $34.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $6M |
| EBIT | $18M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $89M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $164M |
| OPERATING INCOME | $12M |
| Interest Income | $7M |
| Interest Expense | $34.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $6M |
| EBIT | $18M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $57M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$36.0K |
| Purchases of Investments | -$85M |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | -$159.0K |
| Common Stock Repurchased | -$46M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | $71M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $551M |
| Short-Term Investments | $245M |
| Net Receivables | $200M |
| Inventory | $212M |
| Other Current Assets | $63M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $138M |
| Goodwill | $71M |
| Intangible Assets | $33M |
| Long-Term Investments | $5M |
| Tax Assets | $28M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $279M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $57M |
| Short-Term Debt | $0 |
| Deferred Revenue | $56M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $221M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $77M |
| TOTAL NON-CURRENT LIABILITIES | $152M |
| TOTAL LIABILITIES | $373M |
| Common Stock | $562M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | -$715M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $47M |
| Net Debt | -$503M |
