| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | $173M | $142M | 2.0% | 24.1% |
| Op. Income | $54M | $49M | $30M | 10.7% | 81.0% |
| Gross Margin | 69.4% | 68.8% | 64.2% | 0.5pp | 5.1pp |
| Net Margin | 29.5% | 26.9% | 20.1% | 2.6pp | 9.4pp |
| EPS (Diluted) | $0.37 | $0.33 | $0.20 | 12.1% | 85.0% |
| Free Cash Flow | $72M | $60M | $49M | 20.1% | 46.5% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $122M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $916.0K |
| Operating Expenses | $68M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $799.0K |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $9M |
| EBIT | $54M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $122M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $916.0K |
| Operating Expenses | $68M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $799.0K |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $9M |
| EBIT | $54M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $82M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$42M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $146M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $110M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $379M |
| PP&E (Net) | $65M |
| Goodwill | $315M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $420M |
| TOTAL ASSETS | $799M |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $129M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $184M |
| TOTAL LIABILITIES | $312M |
| Common Stock | $1M |
| Additional Paid-In Capital | $599M |
| Retained Earnings | -$111M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $487M |
| Minority Interest | $0 |
| TOTAL EQUITY | $487M |
| TOTAL LIABILITIES & EQUITY | $799M |
| Total Debt | $149M |
| Net Debt | $3M |
