| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $122M | $105M | $122M | 16.1% | -0.1% |
| Op. Income | $36M | $18M | $21M | 98.1% | 71.6% |
| Gross Margin | 71.0% | 69.4% | 65.5% | 1.6pp | 5.5pp |
| Net Margin | 47.9% | 98.0% | 13.0% | -50.1pp | 34.9pp |
| EPS (Diluted) | $0.53 | $0.93 | $0.14 | -43.0% | 278.6% |
| Free Cash Flow | $54M | $44M | $46M | 23.9% | 16.4% |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $87M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $36M |
| Interest Income | $4M |
| Interest Expense | $377.0K |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | $63M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $14M |
| EBIT | $63M |
| EBITDA | $78M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $87M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $36M |
| Interest Income | $4M |
| Interest Expense | $377.0K |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | $63M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $14M |
| EBIT | $63M |
| EBITDA | $78M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$786.0K |
| Acquisitions (Net) | -$106M |
| Purchases of Investments | -$136M |
| Sales/Maturities of Investments | $48M |
| Other Investing Activities | $106M |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $331M |
| Net Receivables | $134M |
| Inventory | $36M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $631M |
| PP&E (Net) | $89M |
| Goodwill | $287M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $128M |
| Other Non-Current Assets | $95M |
| TOTAL NON-CURRENT ASSETS | $628M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $100M |
| TOTAL NON-CURRENT LIABILITIES | $131M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $108.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$286M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| 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 | -$64M |
