| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $174M | $177M | $154M | -1.9% | 13.1% |
| Op. Income | $24M | $22M | $13M | 8.6% | 80.6% |
| Gross Margin | 45.2% | 43.3% | 40.9% | 1.9pp | 4.3pp |
| Net Margin | 12.4% | 13.9% | 83.8% | -1.4pp | -71.4pp |
| EPS (Diluted) | $0.36 | $0.42 | $2.01 | -14.3% | -82.1% |
| Free Cash Flow | $19M | $659.0K | $30M | 2750.7% | -38.0% |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $79M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $2M |
| Operating Expenses | $54M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $24M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $3M |
| 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 | $27M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $79M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $2M |
| Operating Expenses | $54M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $24M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $3M |
| 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 | $27M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$183.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $15M |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $538.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $159M |
| Short-Term Investments | $147M |
| Net Receivables | $127M |
| Inventory | $238M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $706M |
| PP&E (Net) | $143M |
| Goodwill | $215M |
| Intangible Assets | $44M |
| Long-Term Investments | $0 |
| Tax Assets | $118M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $523M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $118M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $218M |
| Long-Term Debt | $275M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $339M |
| TOTAL LIABILITIES | $557M |
| Common Stock | $564.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$532M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $672M |
| Minority Interest | $0 |
| TOTAL EQUITY | $672M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $310M |
| Net Debt | $152M |
