| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $238M | $238M | $198M | -0.1% | 20.3% |
| Op. Income | $59M | $53M | $45M | 10.1% | 31.7% |
| Gross Margin | 54.6% | 53.3% | 53.8% | 1.3pp | 0.8pp |
| Net Margin | 20.5% | 20.7% | 19.1% | -0.3pp | 1.3pp |
| EPS (Diluted) | $0.78 | $0.79 | $0.60 | -1.3% | 30.0% |
| Free Cash Flow | $86M | $57M | $53M | 50.3% | 63.6% |
| Item | Amount |
|---|---|
| REVENUE | $238M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $130M |
| R&D Expenses | $31M |
| Selling & Marketing | $20M |
| General & Administrative | $20M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $59M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $867.0K |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $11M |
| 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 | $2M |
| EBIT | $60M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $238M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $130M |
| R&D Expenses | $31M |
| Selling & Marketing | $20M |
| General & Administrative | $20M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $59M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $867.0K |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $11M |
| 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 | $2M |
| EBIT | $60M |
| EBITDA | $61M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $373.0K |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$331.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$331.0K |
| FREE CASH FLOW | $86M |
| Net Change in Cash | $88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $271M |
| Short-Term Investments | $0 |
| Net Receivables | $183M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $479M |
| PP&E (Net) | $33M |
| Goodwill | $62M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $66M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $194M |
| TOTAL ASSETS | $673M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $238M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $366M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $395M |
| Common Stock | $615.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $305M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $278M |
| Minority Interest | $0 |
| TOTAL EQUITY | $278M |
| TOTAL LIABILITIES & EQUITY | $673M |
| Total Debt | $18M |
| Net Debt | -$253M |
