| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $132M | $118M | $120M | 12.1% | 10.3% |
| Op. Income | $40M | $31M | $28M | 30.4% | 43.1% |
| Gross Margin | 73.9% | 73.2% | 71.8% | 0.7pp | 2.1pp |
| Net Margin | 27.3% | 27.9% | 140.9% | -0.6pp | -113.6pp |
| EPS (Diluted) | $0.33 | $0.30 | $1.51 | 10.0% | -78.1% |
| Free Cash Flow | $59M | $36M | $44M | 63.6% | 35.2% |
| Item | Amount |
|---|---|
| REVENUE | $132M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $98M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $40M |
| Interest Income | $4M |
| Interest Expense | $371.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $11M |
| EBIT | $45M |
| EBITDA | $55M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $132M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $98M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $92M |
| OPERATING INCOME | $40M |
| Interest Income | $4M |
| Interest Expense | $371.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $11M |
| EBIT | $45M |
| EBITDA | $55M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$139.0K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $70M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$112M |
| Sales/Maturities of Investments | $82M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $308M |
| Net Receivables | $113M |
| Inventory | $53M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $610M |
| PP&E (Net) | $97M |
| Goodwill | $287M |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $130M |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $640M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $107M |
| TOTAL NON-CURRENT LIABILITIES | $137M |
| TOTAL LIABILITIES | $222M |
| Common Stock | $108.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$265M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $31M |
| Net Debt | -$94M |
