| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $174M | $174M | $154M | 0.3% | 13.7% |
| Op. Income | $22M | $24M | $10M | -8.8% | 124.8% |
| Gross Margin | 43.2% | 45.2% | 40.4% | -2.0pp | 2.8pp |
| Net Margin | 12.5% | 12.4% | 5.7% | 0.1pp | 6.8pp |
| EPS (Diluted) | $0.37 | $0.36 | $0.17 | 2.8% | 117.6% |
| Free Cash Flow | $3M | $19M | $7M | -82.1% | -51.6% |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $75M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | -$968.0K |
| Operating Expenses | $53M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $22M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $705.0K |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $896.0K |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $6M |
| EBIT | $25M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $75M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | -$968.0K |
| Operating Expenses | $53M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $22M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $705.0K |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $896.0K |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $6M |
| EBIT | $25M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$842.0K |
| Other Non-Cash Items | -$329.0K |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $53M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $174M |
| Short-Term Investments | $123M |
| Net Receivables | $141M |
| Inventory | $243M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $716M |
| PP&E (Net) | $139M |
| Goodwill | $215M |
| Intangible Assets | $42M |
| Long-Term Investments | $0 |
| Tax Assets | $119M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $518M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $54M |
| Short-Term Debt | $26M |
| Deferred Revenue | $94M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $234M |
| Long-Term Debt | $249M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $311M |
| TOTAL LIABILITIES | $546M |
| Common Stock | $566.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$510M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $688M |
| Minority Interest | $0 |
| TOTAL EQUITY | $688M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $310M |
| Net Debt | $136M |
