| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $499M | $453M | $388M | 10.2% | 28.6% |
| Op. Income | $141M | $74M | $88M | 91.8% | 60.8% |
| Gross Margin | 97.8% | 97.5% | 98.4% | 0.3pp | -0.7pp |
| Net Margin | 16.7% | 21.1% | 17.7% | -4.4pp | -1.0pp |
| EPS (Diluted) | $0.82 | $0.95 | $0.69 | -13.7% | 18.8% |
| Free Cash Flow | $204M | $173M | $101M | 18.3% | 103.4% |
| Item | Amount |
|---|---|
| REVENUE | $499M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $488M |
| R&D Expenses | $142M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $204M |
| Other Expenses | $0 |
| Operating Expenses | $346M |
| Cost & Expenses | $358M |
| OPERATING INCOME | $141M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $6M |
| EBIT | $141M |
| EBITDA | $147M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $499M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $488M |
| R&D Expenses | $142M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $204M |
| Other Expenses | $0 |
| Operating Expenses | $346M |
| Cost & Expenses | $358M |
| OPERATING INCOME | $141M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $116M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $6M |
| EBIT | $141M |
| EBITDA | $147M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | $212M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$363M |
| Sales/Maturities of Investments | $273M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$97M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | $204M |
| Net Change in Cash | $134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294M |
| Short-Term Investments | $801M |
| Net Receivables | $418M |
| Inventory | $29M |
| Other Current Assets | $108M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $150M |
| Goodwill | $0 |
| Intangible Assets | $35M |
| Long-Term Investments | $588M |
| Tax Assets | $383M |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $94M |
| Short-Term Debt | $170M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $253M |
| TOTAL CURRENT LIABILITIES | $692M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $155M |
| TOTAL LIABILITIES | $846M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$305M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $274M |
| Net Debt | -$20M |
