| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $171M | $202M | $176M | -15.4% | -2.9% |
| Op. Income | $2M | $19M | $12M | -91.3% | -85.7% |
| Gross Margin | 46.7% | 47.4% | 50.3% | -0.7pp | -3.7pp |
| Net Margin | 5.4% | 11.5% | 8.3% | -6.1pp | -2.8pp |
| EPS (Diluted) | $0.16 | $0.41 | $0.25 | -61.0% | -36.0% |
| Free Cash Flow | -$12M | $68M | $71M | -117.2% | -116.5% |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $80M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $169M |
| OPERATING INCOME | $2M |
| Interest Income | $10M |
| Interest Expense | $22.0K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $8M |
| EBIT | $12M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $80M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $169M |
| OPERATING INCOME | $2M |
| Interest Income | $10M |
| Interest Expense | $22.0K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $8M |
| EBIT | $12M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$678.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$215M |
| Sales/Maturities of Investments | $160M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | -$173.0K |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $425M |
| Short-Term Investments | $285M |
| Net Receivables | $184M |
| Inventory | $237M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $153M |
| Goodwill | $90M |
| Intangible Assets | $29M |
| Long-Term Investments | $2M |
| Tax Assets | $32M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $309M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $59M |
| Short-Term Debt | $0 |
| Deferred Revenue | $36M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $181M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $144M |
| TOTAL LIABILITIES | $325M |
| Common Stock | $578M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | -$757M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $48M |
| Net Debt | -$376M |
