| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $327M | $353M | $470M | -7.5% | -30.5% |
| Op. Income | $34M | $46M | $88M | -25.8% | -61.2% |
| Gross Margin | 52.8% | 52.9% | 54.0% | -0.1pp | -1.2pp |
| Net Margin | 3.2% | 6.2% | 13.8% | -3.0pp | -10.6pp |
| EPS (Diluted) | $0.26 | $0.55 | $1.59 | -52.7% | -83.6% |
| Free Cash Flow | $95M | $40M | $114M | 137.0% | -16.8% |
| Item | Amount |
|---|---|
| REVENUE | $327M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $172M |
| R&D Expenses | $88M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $50M |
| Operating Expenses | $138M |
| Cost & Expenses | $292M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $17M |
| 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 | $40M |
| EBIT | $34M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $327M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $172M |
| R&D Expenses | $88M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $50M |
| Operating Expenses | $138M |
| Cost & Expenses | $292M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $17M |
| 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 | $40M |
| EBIT | $34M |
| EBITDA | $74M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $109M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$900.0K |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $898M |
| Short-Term Investments | $36M |
| Net Receivables | $219M |
| Inventory | $148M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $120M |
| Goodwill | $816M |
| Intangible Assets | $331M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $112M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $61M |
| Short-Term Debt | $6M |
| Deferred Revenue | $47M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $269M |
| Long-Term Debt | $973M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $981M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$795M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.0B |
| Net Debt | $134M |
