Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023 -1.7% Revenue growth, 20233 Where the money goes Where each dollar of revenue went, fiscal 2023 Cost of revenue Selling, general and admin
Cost of revenue 66¢ $186.8M Research and development 2¢ $6.2M Selling, general and admin 27¢ $76.3M Interest 1¢ $1.6M Income tax 2¢ $4.4M Profit 3¢ $8.2M Out of $281.2M in revenue.3
Where each dollar of operating cash went, fiscal 2023 Capital spending Dividends paid Kept or used elsewhere
Capital spending 29¢ $10.8M Dividends paid 23¢ $8.5M Share buybacks 10¢ $3.5M Kept or used elsewhere 38¢ $13.8M Out of $36.6M of cash from operations.3
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 5 6 7 3 $281.2M in 2023−29% since 2017 0 $200.0M $400.0M $600.0M 2017: $394.6M $394.6M 2017 2018: $400.8M $400.8M 2018 +2% 2019: $382.4M $382.4M 2019 −5% 2020: $289.5M $289.5M 2020 −24% 2021: $272.2M $272.2M 2021 −6% 2022: $286.0M $286.0M 2022 +5% 2023: $281.2M $281.2M 2023 −2% Gross profit4 8 5 6 7 3 $94.4M in 2023−24% since 2017 0 $50.0M $100.0M $150.0M 2017: $124.0M $124.0M 2017 2018: $130.8M $130.8M 2018 +6% 2019: $125.2M $125.2M 2019 −4% 2020: $92.9M $92.9M 2020 −26% 2021: $87.7M $87.7M 2021 −6% 2022: $96.0M $96.0M 2022 +10% 2023: $94.4M $94.4M 2023 −2% Operating income4 8 5 6 7 3 $14.0M in 2023+6364% since 2017 0 $5.0M $10.0M $15.0M $20.0M 2017: $217.0K $217.0K 2017 2018: $17.9M $17.9M 2018 +8130% 2019: $14.1M $14.1M 2019 −21% 2020: $12.4M $12.4M 2020 −12% 2021: $15.1M $15.1M 2021 +22% 2022: $18.4M $18.4M 2022 +21% 2023: $14.0M $14.0M 2023 −24% Net income4 8 5 6 7 3 $8.2M in 2023-$30.0M -$20.0M -$10.0M 0 $10.0M $20.0M 2017: -$21.5M -$21.5M 2017 2018: $8.9M $8.9M 2018 2019: $3.0M $3.0M 2019 −66% 2020: $6.2M $6.2M 2020 +105% 2021: $9.1M $9.1M 2021 +48% 2022: $11.1M $11.1M 2022 +21% 2023: $8.2M $8.2M 2023 −26% Revenue9 10 11 $74.4M in Q3 FY2024+5% since Q1 FY2024 0 $20.0M $40.0M $60.0M $80.0M Q1 FY2024: $70.8M $70.8M Q1 FY2024 Q2 FY2024: $75.1M $75.1M Q2 FY2024 +6% Q3 FY2024: $74.4M $74.4M Q3 FY2024 −1% Gross profit9 10 11 $24.8M in Q3 FY2024+9% since Q1 FY2024 0 $10.0M $20.0M $30.0M Q1 FY2024: $22.8M $22.8M Q1 FY2024 Q2 FY2024: $26.4M $26.4M Q2 FY2024 +16% Q3 FY2024: $24.8M $24.8M Q3 FY2024 −6% Operating income9 10 11 $1.5M in Q3 FY2024−60% since Q1 FY2024 0 $2.0M $4.0M $6.0M Q1 FY2024: $3.7M $3.7M Q1 FY2024 Q2 FY2024: $5.0M $5.0M Q2 FY2024 +35% Q3 FY2024: $1.5M $1.5M Q3 FY2024 −71% Net income9 10 11 -$65.0K in Q3 FY2024-$1.0M 0 $1.0M $2.0M $3.0M $4.0M Q1 FY2024: $2.5M $2.5M Q1 FY2024 Q2 FY2024: $3.2M $3.2M Q2 FY2024 +29% Q3 FY2024: -$65.0K -$65.0K Q3 FY2024 Fiscal year 2017 2018 2019 2020 2021 2022 2023 Revenue $394.6M4 $400.8M4 $382.4M5 $289.5M6 $272.2M7 $286.0M3 $281.2M3 Cost of revenue $270.6M4 $269.9M8 $257.2M5 $196.6M6 $184.6M7 $190.0M3 $186.8M3 Gross profit $124.0M4 $130.8M8 $125.2M5 $92.9M6 $87.7M7 $96.0M3 $94.4M3 Research and development $6.9M4 $8.4M8 $9.3M5 $7.0M6 $6.4M7 $6.5M3 $6.2M3 Selling, general and admin $101.9M4 $109.1M8 $107.3M5 $79.0M6 $72.3M7 $77.5M3 $76.3M3 Operating income $217.0K4 $17.9M8 $14.1M5 $12.4M6 $15.1M7 $18.4M3 $14.0M3 Interest $6.2M4 $5.9M8 $5.2M5 $3.9M6 $2.1M7 $1.8M3 $1.6M3 Income tax $15.2M4 $3.3M8 $5.7M5 $2.7M6 $4.2M7 $5.8M3 $4.4M3 Net income -$21.5M4 $8.9M8 $3.0M5 $6.2M6 $9.1M7 $11.1M3 $8.2M3 Earnings per share -$0.474 $0.208 $0.075 $0.146 $0.227 $0.263 $0.193 Earnings per share (diluted) -$0.474 $0.208 $0.075 $0.146 $0.217 $0.263 $0.193
Total assets4 8 5 6 7 3 $310.1M in 2023−9% since 2017 0 $100.0M $200.0M $300.0M $400.0M 2017: $339.4M $339.4M 2017 2018: $339.7M $339.7M 2018 +0% 2019: $363.2M $363.2M 2019 +7% 2020: $345.4M $345.4M 2020 −5% 2021: $324.0M $324.0M 2021 −6% 2022: $307.3M $307.3M 2022 −5% 2023: $310.1M $310.1M 2023 +1% Total liabilities4 8 5 6 7 3 $154.4M in 2023−23% since 2017 0 $100.0M $200.0M $300.0M 2017: $201.8M $201.8M 2017 2018: $192.4M $192.4M 2018 −5% 2019: $213.1M $213.1M 2019 +11% 2020: $191.1M $191.1M 2020 −10% 2021: $165.0M $165.0M 2021 −14% 2022: $151.0M $151.0M 2022 −8% 2023: $154.4M $154.4M 2023 +2% Shareholders’ equity4 8 5 6 7 3 $154.1M in 2023+18% since 2017 0 $50.0M $100.0M $150.0M $200.0M 2017: $130.2M $130.2M 2017 2018: $140.3M $140.3M 2018 +8% 2019: $143.4M $143.4M 2019 +2% 2020: $147.7M $147.7M 2020 +3% 2021: $152.4M $152.4M 2021 +3% 2022: $154.4M $154.4M 2022 +1% 2023: $154.1M $154.1M 2023 −0% Cash4 8 5 6 7 3 $56.1M in 2023+100% since 2017 0 $20.0M $40.0M $60.0M 2017: $28.1M $28.1M 2017 2018: $29.4M $29.4M 2018 +5% 2019: $29.4M $29.4M 2019 −0% 2020: $55.0M $55.0M 2020 +87% 2021: $55.9M $55.9M 2021 +2% 2022: $52.6M $52.6M 2022 −6% 2023: $56.1M $56.1M 2023 +7% Total assets9 10 11 $313.5M in Q3 FY2024+1% since Q1 FY2024 0 $100.0M $200.0M $300.0M $400.0M Q1 FY2024: $309.3M $309.3M Q1 FY2024 Q2 FY2024: $312.6M $312.6M Q2 FY2024 +1% Q3 FY2024: $313.5M $313.5M Q3 FY2024 +0% Total liabilities9 10 11 $156.9M in Q3 FY2024+3% since Q1 FY2024 0 $50.0M $100.0M $150.0M $200.0M Q1 FY2024: $152.8M $152.8M Q1 FY2024 Q2 FY2024: $154.9M $154.9M Q2 FY2024 +1% Q3 FY2024: $156.9M $156.9M Q3 FY2024 +1% Shareholders’ equity9 10 11 $155.0M in Q3 FY2024+0% since Q1 FY2024 0 $50.0M $100.0M $150.0M $200.0M Q1 FY2024: $154.9M $154.9M Q1 FY2024 Q2 FY2024: $156.5M $156.5M Q2 FY2024 +1% Q2 FY2024: $156.2M $156.2M Q2 FY2024 −0% Q3 FY2024: $157.7M $157.7M Q3 FY2024 +1% Q3 FY2024: $155.0M $155.0M Q3 FY2024 −2% Cash9 10 11 $51.3M in Q3 FY2024−1% since Q1 FY2024 0 $20.0M $40.0M $60.0M Q1 FY2024: $52.0M $52.0M Q1 FY2024 Q2 FY2024: $49.9M $49.9M Q2 FY2024 −4% Q3 FY2024: $51.3M $51.3M Q3 FY2024 +3% Fiscal year 2017 2018 2019 2020 2021 2022 2023 Cash $28.1M4 $29.4M8 $29.4M5 $55.0M6 $55.9M7 $52.6M3 $56.1M3 Current assets $114.5M4 $115.4M8 $106.4M5 $108.7M6 $112.5M7 $107.5M3 $108.7M3 Total assets $339.4M4 $339.7M8 $363.2M5 $345.4M6 $324.0M7 $307.3M3 $310.1M3 Current liabilities $74.9M4 $81.0M8 $86.4M5 $76.2M6 $75.5M7 $72.6M3 $71.2M3 Total liabilities $201.8M4 $192.4M8 $213.1M5 $191.1M6 $165.0M7 $151.0M3 $154.4M3 Shareholders’ equity $130.2M4 $140.3M8 $143.4M5 $147.7M6 $152.4M7 $154.4M3 $154.1M3 Shares outstanding 45.3M shares4 45.8M shares8 45.2M shares5 42.8M shares6 43.1M shares7 43.1M shares3 42.8M shares3
Cash from operations4 8 5 6 7 3 $36.6M in 2023−30% since 2017 0 $20.0M $40.0M $60.0M 2017: $52.4M $52.4M 2017 2018: $55.0M $55.0M 2018 +5% 2019: $52.8M $52.8M 2019 −4% 2020: $54.5M $54.5M 2020 +3% 2021: $35.8M $35.8M 2021 −34% 2022: $37.2M $37.2M 2022 +4% 2023: $36.6M $36.6M 2023 −2% Capital spending4 8 5 6 7 3 $10.8M in 2023+18% since 2017 0 $5.0M $10.0M $15.0M 2017: $9.1M $9.1M 2017 2018: $14.9M $14.9M 2018 +64% 2019: $12.9M $12.9M 2019 −14% 2020: $6.4M $6.4M 2020 −50% 2021: $3.6M $3.6M 2021 −45% 2022: $5.9M $5.9M 2022 +65% 2023: $10.8M $10.8M 2023 +83% Free cash flow4 8 5 6 7 3 $25.8M in 2023−40% since 2017 0 $20.0M $40.0M $60.0M 2017: $43.3M $43.3M 2017 2018: $40.0M $40.0M 2018 −7% 2019: $39.9M $39.9M 2019 −0% 2020: $48.0M $48.0M 2020 +20% 2021: $32.2M $32.2M 2021 −33% 2022: $31.3M $31.3M 2022 −3% 2023: $25.8M $25.8M 2023 −18% Dividends paid5 6 7 3 $8.5M in 20230 $2.5M $5.0M $7.5M $10.0M 2019: $0 $0 2019 2020: $870.0K $870.0K 2020 2021: $2.9M $2.9M 2021 +239% 2022: $8.4M $8.4M 2022 +186% 2023: $8.5M $8.5M 2023 +1% Share buybacks4 8 5 6 7 3 $3.5M in 2023+4% since 2017 0 $1.0M $2.0M $3.0M $4.0M 2017: $3.4M $3.4M 2017 2018: $60.0K $60.0K 2018 −98% 2019: $2.1M $2.1M 2019 +3333% 2020: $3.2M $3.2M 2020 +58% 2021: $2.1M $2.1M 2021 −35% 2022: $2.1M $2.1M 2022 −0% 2023: $3.5M $3.5M 2023 +67% Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2017 2018 2019 2020 2021 2022 2023 Cash from operations $52.4M4 $55.0M8 $52.8M5 $54.5M6 $35.8M7 $37.2M3 $36.6M3 Capital spending $9.1M4 $14.9M8 $12.9M5 $6.4M6 $3.6M7 $5.9M3 $10.8M3 Free cash flow $43.3M $40.0M $39.9M $48.0M $32.2M $31.3M $25.8M Dividends paid $05 $870.0K6 $2.9M7 $8.4M3 $8.5M3 Share buybacks $3.4M4 $60.0K8 $2.1M5 $3.2M6 $2.1M7 $2.1M3 $3.5M3 Dividend per share $0.117 $0.203 $0.203
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