1. Revenue Performance:
- Total Revenue: $267.05 million, a decrease of 1.12% YoY and 8.29% QoQ.
- Gross Profit: $98.95 million, indicating a gross profit margin of 37.05%. This represents a marginal decrease of 0.21% YoY and a significant drop of 9.51% QoQ.
2. Profitability Metrics:
- Operating Income: $50.58 million with an operating margin of 18.94%, showing slight resilience with a 0.54% increase YoY but a significant decline of 12.60% from the previous quarter.
- Net Income: $39.64 million, equating to a net income margin of 14.85%.
3. Cash Flow and Balance Sheet:
- Cash at the end of the period stood at $149.22 million, with an operating cash flow of $46.53 million.
- Current Ratio: 2.95, indicating sound liquidity management. The company has manageable debt levels, with a total debt to equity ratio of 0.138, suggesting low financial risk.