| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $301M | $294M | — | 2.4% | — |
| Op. Income | $95M | $80M | — | 17.8% | — |
| Gross Margin | 67.9% | 68.7% | — | -0.8pp | — |
| Net Margin | 25.1% | 23.9% | — | 1.2pp | — |
| EPS (Diluted) | $0.47 | $0.43 | — | 9.3% | — |
| Free Cash Flow | $73M | $39M | — | 87.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $301M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $205M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $61M |
| Other Expenses | $26M |
| Operating Expenses | $110M |
| Cost & Expenses | $207M |
| OPERATING INCOME | $95M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $27M |
| EBIT | $92M |
| EBITDA | $119M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $301M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $205M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $61M |
| Other Expenses | $26M |
| Operating Expenses | $110M |
| Cost & Expenses | $207M |
| OPERATING INCOME | $95M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $27M |
| EBIT | $92M |
| EBITDA | $119M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $858.0K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $73M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $181M |
| Short-Term Investments | $24M |
| Net Receivables | $218M |
| Inventory | $172M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $621M |
| PP&E (Net) | $325M |
| Goodwill | $873M |
| Intangible Assets | $535M |
| Long-Term Investments | $256M |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $129M |
| Long-Term Debt | $350M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $89M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $544M |
| TOTAL LIABILITIES | $672M |
| Common Stock | $2M |
| Additional Paid-In Capital | $722M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$66M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $455M |
| Net Debt | $274M |
