| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $241M | $226M | $169M | 7.0% | 42.6% |
| Op. Income | $59M | $50M | $27M | 17.8% | 113.7% |
| Gross Margin | 54.3% | 54.9% | 53.4% | -0.6pp | 0.8pp |
| Net Margin | 22.1% | 20.7% | 14.2% | 1.4pp | 7.9pp |
| EPS (Diluted) | $1.07 | $0.94 | $0.49 | 13.8% | 118.4% |
| Free Cash Flow | $43M | $48M | $47M | -10.8% | -8.8% |
| Item | Amount |
|---|---|
| REVENUE | $241M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $131M |
| R&D Expenses | $26M |
| Selling & Marketing | $16M |
| General & Administrative | $16M |
| SG&A Expenses | $32M |
| Other Expenses | $14M |
| Operating Expenses | $72M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $59M |
| Interest Income | $377.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $173.0K |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $6M |
| 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 | $16M |
| EBIT | $59M |
| EBITDA | $75M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $241M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $131M |
| R&D Expenses | $26M |
| Selling & Marketing | $16M |
| General & Administrative | $16M |
| SG&A Expenses | $32M |
| Other Expenses | $14M |
| Operating Expenses | $72M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $59M |
| Interest Income | $377.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $173.0K |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $6M |
| 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 | $16M |
| EBIT | $59M |
| EBITDA | $75M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$97M |
| Sales/Maturities of Investments | $67M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $172M |
| Short-Term Investments | $369M |
| Net Receivables | $207M |
| Inventory | $263M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $102M |
| Goodwill | $316M |
| Intangible Assets | $264M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $690M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $71M |
| Short-Term Debt | $0 |
| Deferred Revenue | $47M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $185M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $250M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $222M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $21M |
| Net Debt | -$152M |
