| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $171M | $192M | $176M | -11.2% | -3.0% |
| Op. Income | $43M | $57M | $54M | -24.2% | -20.1% |
| Gross Margin | 69.7% | 70.0% | 69.4% | -0.3pp | 0.4pp |
| Net Margin | 57.9% | 28.0% | 29.5% | 29.9pp | 28.4pp |
| EPS (Diluted) | $0.71 | $0.38 | $0.37 | 86.8% | 91.9% |
| Free Cash Flow | $64M | $78M | $72M | -17.7% | -10.8% |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $119M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $1M |
| Operating Expenses | $76M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $43M |
| Interest Income | $2M |
| Interest Expense | $66.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | -$53M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $11M |
| EBIT | $44M |
| EBITDA | $55M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $119M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $1M |
| Operating Expenses | $76M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $43M |
| Interest Income | $2M |
| Interest Expense | $66.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | -$53M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $11M |
| EBIT | $44M |
| EBITDA | $55M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$59M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $72M |
| 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 | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $0 |
| Net Receivables | $104M |
| Inventory | $99M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $368M |
| PP&E (Net) | $64M |
| Goodwill | $315M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $58M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $473M |
| TOTAL ASSETS | $841M |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $97M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $149M |
| Common Stock | $1M |
| Additional Paid-In Capital | $546M |
| Retained Earnings | $148M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $692M |
| Minority Interest | $0 |
| TOTAL EQUITY | $692M |
| TOTAL LIABILITIES & EQUITY | $841M |
| Total Debt | $16M |
| Net Debt | -$112M |
