| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | $219M | $199M | 4.6% | 14.9% |
| Op. Income | $43M | $28M | $29M | 51.4% | 47.2% |
| Gross Margin | 51.7% | 49.3% | 52.7% | 2.4pp | -1.0pp |
| Net Margin | 20.5% | 13.8% | 14.6% | 6.6pp | 5.9pp |
| EPS (Diluted) | $0.94 | $0.61 | $0.59 | 54.1% | 59.3% |
| Free Cash Flow | $50M | $59M | $42M | -15.2% | 18.8% |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $118M |
| R&D Expenses | $27M |
| Selling & Marketing | $18M |
| General & Administrative | $18M |
| SG&A Expenses | $36M |
| Other Expenses | $13M |
| Operating Expenses | $76M |
| Cost & Expenses | $186M |
| OPERATING INCOME | $43M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $17M |
| EBIT | $43M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $118M |
| R&D Expenses | $27M |
| Selling & Marketing | $18M |
| General & Administrative | $18M |
| SG&A Expenses | $36M |
| Other Expenses | $13M |
| Operating Expenses | $76M |
| Cost & Expenses | $186M |
| OPERATING INCOME | $43M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $17M |
| EBIT | $43M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$208M |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $191M |
| Short-Term Investments | $550M |
| Net Receivables | $232M |
| Inventory | $330M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $124M |
| Goodwill | $316M |
| Intangible Assets | $154M |
| Long-Term Investments | $0 |
| Tax Assets | $24M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $621M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $56M |
| Short-Term Debt | $0 |
| Deferred Revenue | $36M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $147M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $172M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $529M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $18M |
| Net Debt | -$173M |
