| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $134M | $122M | $84M | 10.2% | 59.2% |
| Op. Income | $37M | $30M | $20M | 24.1% | 87.8% |
| Gross Margin | 56.8% | 56.2% | 57.0% | 0.7pp | -0.1pp |
| Net Margin | 25.5% | 18.3% | 20.9% | 7.2pp | 4.6pp |
| EPS (Diluted) | $1.07 | $0.73 | $0.60 | 46.6% | 78.3% |
| Free Cash Flow | $9M | $18M | $32M | -49.0% | -71.7% |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $76M |
| R&D Expenses | $19M |
| Selling & Marketing | $12M |
| General & Administrative | $6M |
| SG&A Expenses | $18M |
| Other Expenses | $2M |
| Operating Expenses | $39M |
| Cost & Expenses | $97M |
| OPERATING INCOME | $37M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $4M |
| EBIT | $37M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $76M |
| R&D Expenses | $19M |
| Selling & Marketing | $12M |
| General & Administrative | $6M |
| SG&A Expenses | $18M |
| Other Expenses | $2M |
| Operating Expenses | $39M |
| Cost & Expenses | $97M |
| OPERATING INCOME | $37M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $4M |
| EBIT | $37M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$78M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $65M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $236M |
| Net Receivables | $78M |
| Inventory | $96M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $540M |
| PP&E (Net) | $90M |
| Goodwill | $51M |
| Intangible Assets | $49M |
| Long-Term Investments | $136M |
| Tax Assets | $9M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $339M |
| TOTAL ASSETS | $879M |
| Account Payables | $36M |
| Short-Term Debt | $195M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $60M |
| TOTAL CURRENT LIABILITIES | $312M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $72M |
| TOTAL LIABILITIES | $383M |
| Common Stock | $496M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $496M |
| Minority Interest | $0 |
| TOTAL EQUITY | $496M |
| TOTAL LIABILITIES & EQUITY | $879M |
| Total Debt | $249M |
| Net Debt | $143M |
