| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $142M | $132M | $107M | 7.5% | 32.3% |
| Op. Income | $30M | $27M | $17M | 10.4% | 72.1% |
| Gross Margin | 64.2% | 62.8% | 60.5% | 1.4pp | 3.7pp |
| Net Margin | 20.1% | 20.3% | 14.9% | -0.1pp | 5.2pp |
| EPS (Diluted) | $0.20 | $0.19 | $0.11 | 5.3% | 81.8% |
| Free Cash Flow | $49M | $43M | $20M | 14.7% | 140.0% |
| Item | Amount |
|---|---|
| REVENUE | $142M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $91M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $2M |
| Operating Expenses | $61M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $657.0K |
| Other Income/Expenses | -$725.0K |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $579.0K |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $13M |
| EBIT | $30M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $142M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $91M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $2M |
| Operating Expenses | $61M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $657.0K |
| Other Income/Expenses | -$725.0K |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $579.0K |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $13M |
| EBIT | $30M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$68M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $68M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $301M |
| PP&E (Net) | $62M |
| Goodwill | $315M |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $425M |
| TOTAL ASSETS | $726M |
| Account Payables | $35M |
| Short-Term Debt | $17M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $106M |
| Long-Term Debt | $141M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $209M |
| TOTAL LIABILITIES | $315M |
| Common Stock | $1M |
| Additional Paid-In Capital | $702M |
| Retained Earnings | -$290M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $412M |
| Minority Interest | $0 |
| TOTAL EQUITY | $412M |
| TOTAL LIABILITIES & EQUITY | $726M |
| Total Debt | $183M |
| Net Debt | $51M |
