| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $171M | $184M | -17.5% | -23.6% |
| Op. Income | $17M | $43M | $59M | -61.6% | -72.0% |
| Gross Margin | 68.3% | 69.7% | 69.8% | -1.4pp | -1.5pp |
| Net Margin | 10.5% | 57.9% | 30.3% | -47.4pp | -19.8pp |
| EPS (Diluted) | $0.11 | $0.71 | $0.40 | -84.5% | -72.5% |
| Free Cash Flow | $22M | $64M | $34M | -66.0% | -35.7% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $96M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $3M |
| Operating Expenses | $80M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $17M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $3M |
| 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 | $11M |
| EBIT | $18M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $96M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $3M |
| Operating Expenses | $80M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $17M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $3M |
| 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 | $11M |
| EBIT | $18M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $510.0K |
| Other Non-Cash Items | $67.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$42M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $99M |
| Inventory | $95M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $341M |
| PP&E (Net) | $68M |
| Goodwill | $315M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $57M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $475M |
| TOTAL ASSETS | $816M |
| Account Payables | $33M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $133M |
| Common Stock | $1M |
| Additional Paid-In Capital | $522M |
| Retained Earnings | $163M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $683M |
| Minority Interest | $0 |
| TOTAL EQUITY | $683M |
| TOTAL LIABILITIES & EQUITY | $816M |
| Total Debt | $19M |
| Net Debt | -$89M |
