| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $132M | $140M | $128M | -5.5% | 3.2% |
| Op. Income | $6M | $18M | $22M | -66.4% | -72.1% |
| Gross Margin | 47.0% | 46.4% | 46.8% | 0.7pp | 0.3pp |
| Net Margin | 3.9% | 10.7% | 13.3% | -6.7pp | -9.4pp |
| EPS (Diluted) | $0.05 | $0.14 | $0.16 | -64.3% | -68.8% |
| Free Cash Flow | -$27M | $8M | $22M | -445.6% | -223.8% |
| Item | Amount |
|---|---|
| REVENUE | $132M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $62M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $126M |
| OPERATING INCOME | $6M |
| Interest Income | $969.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $597.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $6M |
| EBIT | $7M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $132M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $62M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $126M |
| OPERATING INCOME | $6M |
| Interest Income | $969.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $597.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $6M |
| EBIT | $7M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $108M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $82M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $905.0K |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $241M |
| Net Receivables | $93M |
| Inventory | $129M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $608M |
| PP&E (Net) | $121M |
| Goodwill | $140M |
| Intangible Assets | $103M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $369M |
| TOTAL ASSETS | $977M |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $94M |
| Common Stock | $17M |
| Additional Paid-In Capital | $313M |
| Retained Earnings | $593M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $884M |
| Minority Interest | $0 |
| TOTAL EQUITY | $884M |
| TOTAL LIABILITIES & EQUITY | $977M |
| Total Debt | $0 |
| Net Debt | -$107M |
