| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $161M | $132M | 6.9% | 30.8% |
| Op. Income | $49M | $47M | $27M | 4.3% | 80.6% |
| Gross Margin | 68.8% | 68.5% | 62.8% | 0.4pp | 6.0pp |
| Net Margin | 26.9% | 27.6% | 20.3% | -0.7pp | 6.6pp |
| EPS (Diluted) | $0.33 | $0.32 | $0.19 | 3.1% | 73.7% |
| Free Cash Flow | $60M | $45M | $43M | 32.1% | 40.1% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $119M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $3M |
| Operating Expenses | $70M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $49M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $356.0K |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $9M |
| EBIT | $51M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $119M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $3M |
| Operating Expenses | $70M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $49M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $356.0K |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $9M |
| EBIT | $51M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$55M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $884.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $0 |
| Net Receivables | $100M |
| Inventory | $94M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $340M |
| PP&E (Net) | $63M |
| Goodwill | $315M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $419M |
| TOTAL ASSETS | $759M |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $149M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $207M |
| TOTAL LIABILITIES | $317M |
| Common Stock | $1M |
| Additional Paid-In Capital | $607M |
| Retained Earnings | -$163M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $442M |
| Minority Interest | $0 |
| TOTAL EQUITY | $442M |
| TOTAL LIABILITIES & EQUITY | $759M |
| Total Debt | $169M |
| Net Debt | $50M |
