| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $414M | $448M | $485M | -7.6% | -14.6% |
| Op. Income | $96M | $160M | $103M | -39.9% | -6.2% |
| Gross Margin | 79.3% | 76.3% | 78.4% | 2.9pp | 0.9pp |
| Net Margin | 24.3% | 31.7% | -13.9% | -7.4pp | 38.2pp |
| EPS (Diluted) | $0.42 | $0.59 | $-0.31 | -28.8% | 235.5% |
| Free Cash Flow | $58M | -$170M | $0 | 134.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $414M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $328M |
| R&D Expenses | $91M |
| Selling & Marketing | $106M |
| General & Administrative | $34M |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $231M |
| Cost & Expenses | $317M |
| OPERATING INCOME | $96M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $0 |
| EBIT | $96M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $414M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $328M |
| R&D Expenses | $91M |
| Selling & Marketing | $106M |
| General & Administrative | $34M |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $231M |
| Cost & Expenses | $317M |
| OPERATING INCOME | $96M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $126M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $0 |
| EBIT | $96M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$128M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $58M |
| Net Change in Cash | -$407M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $493M |
| Net Receivables | $969M |
| Inventory | $0 |
| Other Current Assets | $424M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $241M |
| Goodwill | $0 |
| Intangible Assets | $242M |
| Long-Term Investments | $1.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $155M |
| Short-Term Debt | $0 |
| Deferred Revenue | $89M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $96M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $3.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $68M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $2.4B |
| Net Debt | $139M |
