| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $105M | $120M | $112M | -12.1% | -6.2% |
| Op. Income | $18M | $28M | $19M | -34.8% | -5.3% |
| Gross Margin | 69.4% | 71.8% | 68.3% | -2.4pp | 1.1pp |
| Net Margin | 98.0% | 140.9% | 0.8% | -42.9pp | 97.2pp |
| EPS (Diluted) | $0.93 | $1.51 | $0.01 | -38.4% | 10971.4% |
| Free Cash Flow | $44M | $44M | $74M | -0.2% | -40.9% |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $73M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $18M |
| Interest Income | $3M |
| Interest Expense | $356.0K |
| Other Income/Expenses | $89M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $4M |
| 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 | $12M |
| EBIT | $108M |
| EBITDA | $119M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $73M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $18M |
| Interest Income | $3M |
| Interest Expense | $356.0K |
| Other Income/Expenses | $89M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $4M |
| 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 | $12M |
| EBIT | $108M |
| EBITDA | $119M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | -$86M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $106M |
| Purchases of Investments | -$161M |
| Sales/Maturities of Investments | $129M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $66M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$107M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $244M |
| Net Receivables | $129M |
| Inventory | $35M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $551M |
| PP&E (Net) | $94M |
| Goodwill | $287M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $131M |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $634M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $113M |
| TOTAL NON-CURRENT LIABILITIES | $145M |
| TOTAL LIABILITIES | $229M |
| Common Stock | $108.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$344M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $956M |
| Minority Interest | $0 |
| TOTAL EQUITY | $956M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $30M |
| Net Debt | -$102M |
