| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue & Cost | |||||
| Total Revenue | $44.67M | $116.90M | $204.55M | $276.36M | $309.51M |
| Cost of Revenue | $1.32M | $4.95M | $4.44M | $10.52M | $24.89M |
| Gross Profit | $43.35M | $111.94M | $200.11M | $265.84M | $284.61M |
| Gross Margin % | 97.06% | 95.76% | 97.83% | 96.19% | 91.96% |
| Operating Expenses | |||||
| R&D Expenses | $0.00 | $0.00 | $0.00 | - | - |
| SG&A Expenses | $9.82M | $14.18M | $22.96M | $38.52M | $42.83M |
| Other Operating Expenses | $8.60M | $28.03M | $41.78M | $61.30M | - |
| Total Operating Expenses | $18.42M | $42.21M | $64.74M | $99.82M | $110.03M |
| Operating Performance | |||||
| Operating Income | $24.94M | $69.74M | $135.37M | $169.62M | $174.59M |
| Operating Margin % | 55.82% | 59.66% | 66.18% | 61.38% | 56.41% |
| EBITDA | $37.60M | $100.24M | $172.15M | $230.51M | $241.78M |
| EBITDA Margin % | 84.18% | 85.75% | 84.16% | 83.41% | 78.12% |
| Other Income/Expenses | |||||
| Interest Expense | $5.53M | $6.48M | $16.38M | $18.30M | $16.10M |
| Other Income/Expenses Net | $-1.46M | $-4.01M | $-21.38M | $-15.23M | $-9.00M |
| Income Before Tax | $23.48M | $65.73M | $113.99M | $154.39M | $165.59M |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $-3.48M | - |
| Net Performance | |||||
| Net Income | $23.48M | $65.73M | $113.99M | $154.39M | $165.59M |
| Net Margin % | 52.56% | 56.23% | 55.73% | 55.86% | 53.50% |
| EPS | $2.06 | $3.28 | $4.69 | $5.57 | $5.82 |
| Diluted EPS | $2.03 | $3.27 | $4.55 | $5.52 | $5.77 |
| Metrics | 2020 | 2021 | 2022 | 2022 | 2023 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Cash Equivalents | $126.01M | $81.10M | $76.94M | $87.12M | $140.25M |
| Short Term Investments | - | - | $239.67M | $200.94M | - |
| Net Receivables | - | $12.92M | - | $18.02M | $22.00M |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | $5.32M | - | $1.45M | $1.45M |
| Total Current Assets | $126.01M | $99.34M | $316.62M | $106.59M | $140.25M |
| Non-Current Assets | |||||
| Property, Plant & Equipment (Net) | $980.00K | $1.07M | $1.83M | $1.74M | $1.36M |
| Long Term Investments | $619.28M | $324.89M | - | $200.94M | $21.95M |
| Tax Assets | - | - | - | - | $-2.22B |
| Other Non-Current Assets | $1.02B | $1.65B | - | $2.10B | $-21.95M |
| Total Non-Current Assets | $1.64B | $1.99B | $11.15M | $2.31B | $9.60M |
| Total Assets | |||||
| Total Assets | $1.77B | $2.08B | $2.43B | $2.41B | $2.39B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $41.14M | $53.99M | $13.14M | $39.99M | $21.00M |
| Short Term Debt | - | - | - | - | - |
| Tax Payables | - | - | - | - | - |
| Deferred Revenue | $34.15M | $52.81M | - | $58.72M | - |
| Other Current Liabilities | $30.07M | $38.85M | - | $50.84M | $111.19M |
| Total Current Liabilities | $105.36M | $145.64M | $13.14M | $149.55M | $132.18M |
| Non-Current Liabilities | |||||
| Long Term Debt | $137.75M | $326.09M | - | $301.50M | $297.93M |
| Other Non-Current Liabilities | $-34.15M | $1.17M | $450.68M | $1.90M | $72.02M |
| Total Non-Current Liabilities | $137.75M | $327.26M | $450.68M | $303.40M | $369.94M |
| Total Liabilities | |||||
| Total Liabilities | $243.11M | $472.90M | $463.82M | $452.94M | $438.12M |
| Shareholders Equity | |||||
| Equity Components | |||||
| Common Stock | $24.00K | $26.00K | $28.00K | $28.00K | $28.00K |
| Retained Earnings | $-48.12M | $-75.22M | - | $-117.39M | $-156.85M |
| Accumulated Other Comprehensive Income/Loss | - | - | - | - | - |
| Total Shareholders Equity | $1.52B | $1.61B | $1.97B | $1.96B | $1.95B |
| Key Metrics | |||||
| Balance Check | |||||
| Total Liabilities & Equity | $1.77B | $2.08B | $2.43B | $2.41B | $2.39B |
| Total Debt | $137.75M | $326.09M | - | $301.50M | $302.36M |
| Net Debt | $11.74M | $245.00M | $-76.94M | $214.37M | $160.63M |
| Metrics | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Core Operations | |||||
| Net Income | $23.48M | $65.73M | $113.99M | $154.39M | $164.11M |
| Depreciation & Amortization | $8.60M | $28.03M | $41.78M | $61.30M | $67.19M |
| Stock Based Compensation | $2.50M | $3.33M | $8.62M | $17.51M | $19.58M |
| Working Capital Changes | |||||
| Change in Accounts Receivable | - | - | - | - | - |
| Change in Inventory | - | - | - | - | - |
| Change in Accounts Payable | - | - | $3.10M | $2.72M | $3.92M |
| Other Working Capital Changes | $11.62M | $13.52M | $18.65M | $-218.41M | $994.00K |
| Total Working Capital Change | $12.43M | $14.32M | $18.07M | $-215.69M | $4.92M |
| Other Operating | |||||
| Other Non-Cash Items | $-2.06M | $-589.00K | $6.30M | $216.62M | $149.79M |
| Net Cash from Operations | $44.93M | $110.81M | $188.75M | $234.13M | $255.54M |
| Investing Activities | |||||
| Capital Investments | |||||
| Capital Expenditures | - | - | - | $-373.88M | $-150.09M |
| Purchase of Investments | $-255.66M | $-1.08B | $-569.77M | $-538.89M | $-150.76M |
| Sale of Investments | $260.25M | $580.98M | $864.50M | $515.00M | $294.06M |
| Other Investing Activities | $-344.57M | $-530.03M | $-678.82M | $-372.31M | $-6.79M |
| Net Cash from Investing | $-340.63M | $-1.03B | $-384.09M | $-396.20M | $-6.79M |
| Financing Activities | |||||
| Debt & Equity | |||||
| Debt Repayment | - | - | - | $-2.44M | $-561.00K |
| Stock Repurchases | - | - | - | $-2.44M | $-568.00K |
| Dividends Paid | $-23.94M | $-76.82M | $-132.31M | $-183.94M | $-204.06M |
| Other Financing Activities | $137.61M | $-2.17M | $288.07M | $1.09M | $-1.13M |
| Net Cash from Financing | $399.96M | $924.99M | $155.76M | $164.22M | $-195.63M |
| Cash Position | |||||
| Summary | |||||
| Net Change in Cash | $104.27M | $8.69M | $-39.59M | $2.15M | $53.13M |
| Cash at Beginning of Period | $13.05M | $117.32M | $126.01M | $86.42M | $88.57M |
| Cash at End of Period | $117.32M | $126.01M | $86.42M | $88.57M | $141.70M |
| Key Metrics | |||||
| Operating Cash Flow | $44.93M | $110.81M | $188.75M | $234.13M | $255.54M |
| Capital Expenditure | - | - | - | $-373.88M | $-150.09M |
| Free Cash Flow | $44.93M | $110.81M | $188.75M | $-139.75M | $105.46M |