| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $204M | $245M | $270M | -16.8% | -24.5% |
| Op. Income | $12M | $17M | $30M | -28.8% | -59.6% |
| Gross Margin | 58.4% | 58.7% | 61.4% | -0.3pp | -3.0pp |
| Net Margin | 5.1% | 4.5% | 7.8% | 0.6pp | -2.7pp |
| EPS (Diluted) | $0.32 | $0.33 | $0.60 | -3.0% | -46.7% |
| Free Cash Flow | -$38M | -$8M | $5M | -379.2% | -806.4% |
| Item | Amount |
|---|---|
| REVENUE | $204M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $119M |
| R&D Expenses | $79M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $107M |
| Cost & Expenses | $192M |
| OPERATING INCOME | $12M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $13M |
| EBIT | $12M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $204M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $119M |
| R&D Expenses | $79M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $107M |
| Cost & Expenses | $192M |
| OPERATING INCOME | $12M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $13M |
| EBIT | $12M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $522.0K |
| Other Non-Cash Items | $60.0K |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | -$180.0K |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$929.0K |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $160M |
| Short-Term Investments | $257M |
| Net Receivables | $102M |
| Inventory | $168M |
| Other Current Assets | $87M |
| TOTAL CURRENT ASSETS | $774M |
| PP&E (Net) | $151M |
| Goodwill | $376M |
| Intangible Assets | $66M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $109M |
| TOTAL NON-CURRENT ASSETS | $702M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $48M |
| Short-Term Debt | $45M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $165M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $50M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $215M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $45M |
| Net Debt | -$115M |
