| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $373M | $328M | $328M | 13.7% | 13.5% |
| Op. Income | $61M | $51M | $6M | 19.1% | 910.0% |
| Gross Margin | 53.2% | 52.1% | 43.9% | 1.0pp | 9.2pp |
| Net Margin | 10.8% | 5.8% | -0.9% | 5.0pp | 11.6pp |
| EPS (Diluted) | $0.99 | $0.48 | $-0.08 | 106.3% | 1308.8% |
| Free Cash Flow | $54M | $99M | $3M | -46.0% | 1961.5% |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $175M |
| GROSS PROFIT | $198M |
| R&D Expenses | $86M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $10M |
| Operating Expenses | $138M |
| Cost & Expenses | $312M |
| OPERATING INCOME | $61M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$500.0K |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $30M |
| EBIT | $53M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $175M |
| GROSS PROFIT | $198M |
| R&D Expenses | $86M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $10M |
| Operating Expenses | $138M |
| Cost & Expenses | $312M |
| OPERATING INCOME | $61M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$500.0K |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $30M |
| EBIT | $53M |
| EBITDA | $83M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$506M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | -$542M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | -$489M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $347M |
| Short-Term Investments | $0 |
| Net Receivables | $270M |
| Inventory | $89M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $749M |
| PP&E (Net) | $92M |
| Goodwill | $570M |
| Intangible Assets | $276M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $110M |
| Short-Term Debt | $0 |
| Deferred Revenue | $54M |
| Other Current Liabilities | $64M |
| TOTAL CURRENT LIABILITIES | $304M |
| Long-Term Debt | $395M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $477M |
| TOTAL LIABILITIES | $781M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $875M |
| Retained Earnings | $821M |
| Treasury Stock | -$695M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $427M |
| Net Debt | $80M |
