| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $247M | $257M | $234M | -4.1% | 5.5% |
| Op. Income | $20M | $24M | $34M | -18.7% | -41.7% |
| Gross Margin | 62.3% | 61.1% | 66.6% | 1.2pp | -4.3pp |
| Net Margin | 5.7% | 9.9% | 9.8% | -4.2pp | -4.1pp |
| EPS (Diluted) | $0.41 | $0.76 | $0.58 | -46.1% | -29.3% |
| Free Cash Flow | -$21M | $7M | $71M | -383.3% | -129.6% |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $154M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $134M |
| Cost & Expenses | $227M |
| OPERATING INCOME | $20M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $13M |
| EBIT | $20M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $154M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $134M |
| Cost & Expenses | $227M |
| OPERATING INCOME | $20M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $13M |
| EBIT | $20M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$262M |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $328M |
| Other Investing Activities | $262M |
| NET CASH FROM INVESTING | $254M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $216M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $716M |
| Short-Term Investments | $436M |
| Net Receivables | $88M |
| Inventory | $133M |
| Other Current Assets | $88M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $152M |
| Goodwill | $376M |
| Intangible Assets | $78M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $701M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $71M |
| Short-Term Debt | $530M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $81M |
| TOTAL CURRENT LIABILITIES | $693M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $742M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $530M |
| Net Debt | -$186M |
