| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $238M | $231M | $198M | 3.2% | 20.4% |
| Op. Income | $53M | $50M | $37M | 5.9% | 45.4% |
| Gross Margin | 53.3% | 52.3% | 50.6% | 0.9pp | 2.6pp |
| Net Margin | 20.7% | 17.2% | 15.0% | 3.6pp | 5.7pp |
| EPS (Diluted) | $0.79 | $0.63 | $0.47 | 25.4% | 68.1% |
| Free Cash Flow | $57M | $40M | $38M | 45.3% | 51.2% |
| Item | Amount |
|---|---|
| REVENUE | $238M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $127M |
| R&D Expenses | $33M |
| Selling & Marketing | $18M |
| General & Administrative | $21M |
| SG&A Expenses | $39M |
| Other Expenses | $1M |
| Operating Expenses | $74M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $1M |
| EBIT | $53M |
| EBITDA | $55M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $238M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $127M |
| R&D Expenses | $33M |
| Selling & Marketing | $18M |
| General & Administrative | $21M |
| SG&A Expenses | $39M |
| Other Expenses | $1M |
| Operating Expenses | $74M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $1M |
| EBIT | $53M |
| EBITDA | $55M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$635.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $182M |
| Short-Term Investments | $0 |
| Net Receivables | $183M |
| Inventory | $0 |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $393M |
| PP&E (Net) | $31M |
| Goodwill | $62M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $56M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $180M |
| TOTAL ASSETS | $573M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $213M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $333M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $363M |
| Common Stock | $616.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $238M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $210M |
| Minority Interest | $0 |
| TOTAL EQUITY | $210M |
| TOTAL LIABILITIES & EQUITY | $573M |
| Total Debt | $16M |
| Net Debt | -$166M |
