| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $510M | $433M | $370M | 17.8% | 37.9% |
| Op. Income | $106M | $55M | $24M | 94.2% | 352.8% |
| Gross Margin | 70.9% | 67.8% | 58.8% | 3.1pp | 12.1pp |
| Net Margin | 20.3% | 12.0% | 4.6% | 8.3pp | 15.7pp |
| EPS (Diluted) | $1.48 | $0.70 | $0.24 | 111.4% | 516.7% |
| Free Cash Flow | $47M | $34M | -$38M | 40.5% | 225.2% |
| Item | Amount |
|---|---|
| REVENUE | $510M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $361M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $213M |
| Other Expenses | $0 |
| Operating Expenses | $255M |
| Cost & Expenses | $403M |
| OPERATING INCOME | $106M |
| Interest Income | $6M |
| Interest Expense | $7M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $19M |
| EBIT | $115M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $510M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $361M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $213M |
| Other Expenses | $0 |
| Operating Expenses | $255M |
| Cost & Expenses | $403M |
| OPERATING INCOME | $106M |
| Interest Income | $6M |
| Interest Expense | $7M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $19M |
| EBIT | $115M |
| EBITDA | $133M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$92M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | $2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $651M |
| Short-Term Investments | $54M |
| Net Receivables | $360M |
| Inventory | $403M |
| Other Current Assets | $100M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $693M |
| Goodwill | $52M |
| Intangible Assets | $99M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $179M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $19M |
| Short-Term Debt | $53M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $242M |
| TOTAL CURRENT LIABILITIES | $451M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$378M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $733M |
| Minority Interest | $0 |
| TOTAL EQUITY | $733M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.4B |
| Net Debt | $798M |
