| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $172M | $165M | $153M | 4.3% | 12.9% |
| Op. Income | $36M | $33M | $24M | 10.5% | 52.1% |
| Gross Margin | 57.0% | 59.9% | 57.2% | -2.9pp | -0.1pp |
| Net Margin | 18.7% | 17.9% | 9.8% | 0.8pp | 8.9pp |
| EPS (Diluted) | $0.45 | $0.42 | $0.21 | 7.1% | 114.3% |
| Free Cash Flow | $34M | $35M | $39M | -4.6% | -14.1% |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $98M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $62M |
| Cost & Expenses | $136M |
| OPERATING INCOME | $36M |
| Interest Income | $0 |
| Interest Expense | $845.0K |
| Other Income/Expenses | -$832.0K |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $14M |
| EBIT | $36M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $98M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $62M |
| Cost & Expenses | $136M |
| OPERATING INCOME | $36M |
| Interest Income | $0 |
| Interest Expense | $845.0K |
| Other Income/Expenses | -$832.0K |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $14M |
| EBIT | $36M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $826.0K |
| Other Non-Cash Items | $20.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$104M |
| Sales/Maturities of Investments | -$54M |
| Other Investing Activities | $128M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$226.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $404M |
| Net Receivables | $107M |
| Inventory | $110M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $766M |
| PP&E (Net) | $122M |
| Goodwill | $312M |
| Intangible Assets | -$310M |
| Long-Term Investments | $3M |
| Tax Assets | $38M |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $198M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $43M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $101M |
| Long-Term Debt | $566M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $636M |
| TOTAL LIABILITIES | $737M |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$594M |
| Treasury Stock | -$330.0K |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $596M |
| Minority Interest | $0 |
| TOTAL EQUITY | $596M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $594M |
| Net Debt | $462M |
