| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $198M | $145M | $148M | 36.7% | 34.1% |
| Op. Income | $54M | $72M | $0 | -24.7% | — |
| Gross Margin | 72.1% | 100.0% | 100.0% | -27.9pp | -27.9pp |
| Net Margin | 27.0% | 37.0% | 42.1% | -10.0pp | -15.1pp |
| EPS (Diluted) | $1.13 | $1.11 | $1.24 | 1.8% | -8.9% |
| Free Cash Flow | $26M | $81M | $70M | -67.9% | -62.7% |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $43M |
| SG&A Expenses | $44M |
| Other Expenses | $44M |
| Operating Expenses | $89M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $54M |
| Interest Income | $143M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $854.0K |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | -$6M |
| EBIT | $54M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $43M |
| SG&A Expenses | $44M |
| Other Expenses | $44M |
| Operating Expenses | $89M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $54M |
| Interest Income | $143M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $854.0K |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | -$6M |
| EBIT | $54M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | -$6M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $933M |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $188M |
| NET CASH FROM FINANCING | $132M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $3.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $184M |
| Goodwill | $24M |
| Intangible Assets | $72M |
| Long-Term Investments | $1.3B |
| Tax Assets | $8.5B |
| Other Non-Current Assets | $177M |
| TOTAL NON-CURRENT ASSETS | $10.3B |
| TOTAL ASSETS | $13.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$179M |
| TOTAL CURRENT LIABILITIES | $9.6B |
| Long-Term Debt | $99M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$99M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $12.5B |
| Common Stock | $468.0K |
| Additional Paid-In Capital | $970M |
| Retained Earnings | $365M |
| Treasury Stock | -$19M |
| Accum. Other Comp. Income | -$321M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $995M |
| Minority Interest | $0 |
| TOTAL EQUITY | $995M |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $132M |
| Net Debt | -$1.6B |
