| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $125M | $158M | $90M | -20.7% | 39.5% |
| Op. Income | $17M | $21M | $4M | -20.6% | 327.3% |
| Gross Margin | 38.1% | 36.3% | 32.9% | 1.8pp | 5.2pp |
| Net Margin | 12.3% | 11.2% | 3.7% | 1.1pp | 8.7pp |
| EPS (Diluted) | $0.33 | $0.44 | $0.09 | -25.0% | 266.7% |
| Free Cash Flow | $23M | $29M | $13M | -18.8% | 74.8% |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $48M |
| R&D Expenses | $9M |
| Selling & Marketing | $13M |
| General & Administrative | $6M |
| SG&A Expenses | $19M |
| Other Expenses | $3M |
| Operating Expenses | $31M |
| Cost & Expenses | $109M |
| OPERATING INCOME | $17M |
| Interest Income | $604.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $604.0K |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $3M |
| EBIT | $17M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $48M |
| R&D Expenses | $9M |
| Selling & Marketing | $13M |
| General & Administrative | $6M |
| SG&A Expenses | $19M |
| Other Expenses | $3M |
| Operating Expenses | $31M |
| Cost & Expenses | $109M |
| OPERATING INCOME | $17M |
| Interest Income | $604.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $604.0K |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $3M |
| EBIT | $17M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$204.0K |
| Other Non-Cash Items | -$494.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$252.0K |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $948.0K |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $93M |
| Short-Term Investments | $250M |
| Net Receivables | $85M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $437M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $243M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $110.0K |
| TOTAL NON-CURRENT ASSETS | $264M |
| TOTAL ASSETS | $700M |
| Account Payables | $94M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $162M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $214M |
| Common Stock | $378.0K |
| Additional Paid-In Capital | $500M |
| Retained Earnings | -$13M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$120.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $486M |
| Minority Interest | $0 |
| TOTAL EQUITY | $486M |
| TOTAL LIABILITIES & EQUITY | $700M |
| Total Debt | $12M |
| Net Debt | -$81M |
