| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | $69M | $33M | 18.5% | 147.8% |
| Op. Income | $48M | $37M | $15M | 30.6% | 215.1% |
| Gross Margin | 60.3% | 55.2% | 52.0% | 5.1pp | 8.2pp |
| Net Margin | 56.5% | 53.4% | 40.2% | 3.1pp | 16.2pp |
| EPS (Diluted) | $0.60 | $0.48 | $0.22 | 25.0% | 172.7% |
| Free Cash Flow | $244M | $49M | $66M | 400.5% | 268.1% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$2M |
| Operating Expenses | $1M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $48M |
| Interest Income | $100M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $0 |
| EBIT | $48M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$2M |
| Operating Expenses | $1M |
| Cost & Expenses | $33M |
| OPERATING INCOME | $48M |
| Interest Income | $100M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $0 |
| EBIT | $48M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $238M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $244M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$144M |
| Sales/Maturities of Investments | $391M |
| Other Investing Activities | -$246M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$128M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$41M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$171M |
| FREE CASH FLOW | $244M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $136M |
| Short-Term Investments | $0 |
| Net Receivables | $161M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $297M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $85M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $772.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$651M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
