| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $234M | $185M | $210M | 26.4% | 11.7% |
| Op. Income | $40M | $32M | $41M | 22.8% | -3.2% |
| Gross Margin | 34.0% | 36.4% | 37.3% | -2.4pp | -3.3pp |
| Net Margin | 16.8% | 17.7% | 18.4% | -0.9pp | -1.6pp |
| EPS (Diluted) | $0.78 | $0.65 | $0.79 | 20.0% | -1.3% |
| Free Cash Flow | $50M | $40M | $38M | 25.0% | 31.7% |
| Item | Amount |
|---|---|
| REVENUE | $234M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $80M |
| R&D Expenses | $9M |
| Selling & Marketing | $15M |
| General & Administrative | $10M |
| SG&A Expenses | $25M |
| Other Expenses | $6M |
| Operating Expenses | $40M |
| Cost & Expenses | $194M |
| OPERATING INCOME | $40M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $4M |
| EBIT | $44M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $234M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $80M |
| R&D Expenses | $9M |
| Selling & Marketing | $15M |
| General & Administrative | $10M |
| SG&A Expenses | $25M |
| Other Expenses | $6M |
| Operating Expenses | $40M |
| Cost & Expenses | $194M |
| OPERATING INCOME | $40M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $4M |
| EBIT | $44M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$308.0K |
| Acquisitions (Net) | -$102M |
| Purchases of Investments | -$246M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $288M |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $95.0K |
| NET CASH FROM FINANCING | $95.0K |
| FREE CASH FLOW | $50M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $188M |
| Short-Term Investments | $285M |
| Net Receivables | $232M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $727M |
| PP&E (Net) | $10M |
| Goodwill | $248M |
| Intangible Assets | $89M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $85.0K |
| TOTAL NON-CURRENT ASSETS | $351M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $217M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $340M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $359M |
| Common Stock | $413.0K |
| Additional Paid-In Capital | $535M |
| Retained Earnings | $184M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$83.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $718M |
| Minority Interest | $0 |
| TOTAL EQUITY | $718M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $8M |
| Net Debt | -$180M |
