| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $180M | $178M | $160M | 1.1% | 12.8% |
| Op. Income | $39M | $37M | $27M | 4.2% | 42.5% |
| Gross Margin | 58.0% | 57.4% | 59.0% | 0.6pp | -1.0pp |
| Net Margin | 16.4% | 134.4% | 87.0% | -118.0pp | -70.6pp |
| EPS (Diluted) | $0.41 | $3.36 | $1.95 | -87.8% | -79.0% |
| Free Cash Flow | $29M | $52M | $29M | -45.2% | -1.2% |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $104M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $39M |
| Interest Income | $4M |
| Interest Expense | $3M |
| Other Income/Expenses | $547.0K |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $13M |
| EBIT | $42M |
| EBITDA | $55M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $104M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $39M |
| Interest Income | $4M |
| Interest Expense | $3M |
| Other Income/Expenses | $547.0K |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $13M |
| EBIT | $42M |
| EBITDA | $55M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | -$381.0K |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$145M |
| Sales/Maturities of Investments | $147M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$278.0K |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $469M |
| Net Receivables | $112M |
| Inventory | $121M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $848M |
| PP&E (Net) | $119M |
| Goodwill | $312M |
| Intangible Assets | -$340M |
| Long-Term Investments | $0 |
| Tax Assets | $229M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $356M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $36M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $566M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $631M |
| TOTAL LIABILITIES | $725M |
| Common Stock | $71.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$325M |
| Treasury Stock | -$330.0K |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $863M |
| Minority Interest | $0 |
| TOTAL EQUITY | $863M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $594M |
| Net Debt | $468M |
