| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $114M | $17M | $9M | 572.0% | 1217.4% |
| Op. Income | $43M | -$44M | -$49M | 198.0% | 187.7% |
| Gross Margin | 100.0% | 100.0% | -399.7% | 0.0pp | 499.7pp |
| Net Margin | 27.3% | -291.2% | -400.8% | 318.5pp | 428.1pp |
| EPS (Diluted) | $5.10 | $-8.10 | $-6.50 | 163.0% | 178.5% |
| Free Cash Flow | $13M | -$34M | -$27M | 137.3% | 146.4% |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $114M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $43M |
| Interest Income | $5M |
| Interest Expense | $9M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $2M |
| EBIT | $56M |
| EBITDA | $57M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $114M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $43M |
| Interest Income | $5M |
| Interest Expense | $9M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $2M |
| EBIT | $56M |
| EBITDA | $57M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$81M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $306M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $422M |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $471M |
| Account Payables | $9M |
| Short-Term Debt | $4M |
| Deferred Revenue | $21M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $202M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $227M |
| TOTAL LIABILITIES | $321M |
| Common Stock | $61.0K |
| Additional Paid-In Capital | $709M |
| Retained Earnings | -$559M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $21.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $150M |
| Minority Interest | $0 |
| TOTAL EQUITY | $150M |
| TOTAL LIABILITIES & EQUITY | $471M |
| Total Debt | $34M |
| Net Debt | -$36M |
