| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $207M | $191M | $254M | 8.7% | -18.5% |
| Op. Income | $34M | $25M | $59M | 37.1% | -42.7% |
| Gross Margin | 51.6% | 52.7% | 54.6% | -1.1pp | -3.0pp |
| Net Margin | 17.3% | 13.6% | 20.5% | 3.7pp | -3.2pp |
| EPS (Diluted) | $0.73 | $0.53 | $1.05 | 37.7% | -30.5% |
| Free Cash Flow | $21M | $27M | $29M | -22.5% | -27.5% |
| Item | Amount |
|---|---|
| REVENUE | $207M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $107M |
| R&D Expenses | $26M |
| Selling & Marketing | $15M |
| General & Administrative | $18M |
| SG&A Expenses | $33M |
| Other Expenses | $14M |
| Operating Expenses | $73M |
| Cost & Expenses | $173M |
| OPERATING INCOME | $34M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $17M |
| EBIT | $34M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $207M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $107M |
| R&D Expenses | $26M |
| Selling & Marketing | $15M |
| General & Administrative | $18M |
| SG&A Expenses | $33M |
| Other Expenses | $14M |
| Operating Expenses | $73M |
| Cost & Expenses | $173M |
| OPERATING INCOME | $34M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $17M |
| EBIT | $34M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$151M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$917.0K |
| NET CASH FROM FINANCING | -$917.0K |
| FREE CASH FLOW | $21M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $207M |
| Short-Term Investments | $423M |
| Net Receivables | $210M |
| Inventory | $346M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $104M |
| Goodwill | $316M |
| Intangible Assets | $181M |
| Long-Term Investments | $0 |
| Tax Assets | $18M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $641M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $136M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $166M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $452M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $21M |
| Net Debt | -$186M |
