| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $99M | $85M | 22.3% | 42.7% |
| Op. Income | $30M | $10M | $14M | 215.7% | 113.2% |
| Gross Margin | 72.7% | 69.9% | 72.1% | 2.8pp | 0.6pp |
| Net Margin | 28.9% | -66.9% | 13.2% | 95.8pp | 15.8pp |
| EPS (Diluted) | $0.31 | $-0.60 | $0.10 | 151.7% | 210.0% |
| Free Cash Flow | $52M | $38M | $50M | 36.4% | 3.8% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $88M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $30M |
| Interest Income | $3M |
| Interest Expense | $348.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $12M |
| EBIT | $38M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $88M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $58M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $30M |
| Interest Income | $3M |
| Interest Expense | $348.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $12M |
| EBIT | $38M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $562.0K |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $543.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $171M |
| Short-Term Investments | $180M |
| Net Receivables | $210M |
| Inventory | $9M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $581M |
| PP&E (Net) | $108M |
| Goodwill | $292M |
| Intangible Assets | $59M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $530M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $20M |
| Short-Term Debt | $49M |
| Deferred Revenue | $22M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $161M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $273M |
| Common Stock | $111.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$440M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $838M |
| Minority Interest | $0 |
| TOTAL EQUITY | $838M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $86M |
| Net Debt | -$85M |
