| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $122M | $114M | -3.6% | 3.6% |
| Op. Income | $31M | $36M | $9M | -15.0% | 248.7% |
| Gross Margin | 73.2% | 71.0% | 64.0% | 2.2pp | 9.2pp |
| Net Margin | 27.9% | 47.9% | 2.9% | -20.0pp | 25.0pp |
| EPS (Diluted) | $0.30 | $0.53 | $0.03 | -43.4% | 916.9% |
| Free Cash Flow | $36M | $54M | $31M | -33.2% | 15.9% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $86M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $31M |
| Interest Income | $5M |
| Interest Expense | $366.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $11M |
| EBIT | $35M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $86M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $31M |
| Interest Income | $5M |
| Interest Expense | $366.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $11M |
| EBIT | $35M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $739.0K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$113M |
| Sales/Maturities of Investments | $187M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $71M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | -$92M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $278M |
| Net Receivables | $125M |
| Inventory | $48M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $576M |
| PP&E (Net) | $89M |
| Goodwill | $287M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $132M |
| Other Non-Current Assets | $99M |
| TOTAL NON-CURRENT ASSETS | $632M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $105M |
| TOTAL NON-CURRENT LIABILITIES | $135M |
| TOTAL LIABILITIES | $217M |
| Common Stock | $108.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$301M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $992M |
| Minority Interest | $0 |
| TOTAL EQUITY | $992M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $31M |
| Net Debt | -$82M |
