Our financial performance Quarterly gross margin % by year Quarterly revenue by year 55.0% $800.0 2022 $726.0 $724.7 50.3% $711.1 48.4% 50.0% $700.0 47.1% $634.7 46.2% 46.2% 45.7% 2023 $600.0 - 45.0% $530. $500.0 40.0% 2024 - $400.0 35.0% 303.5 302.6 $300.0 30.0% $200.0 25.0% $100.0 I I I $0.0 20.0% 01 02 04 03 01 02 04 03 Quarterly operating expense % by year Quarterly operating income % by year 35.0% 35.0% 32.4% 32.2% 30.6% 31.7% 30.4% 31.4% 30.0% 28.6% 30.0% 26.9% 25.0% 25.0% 20.0% 15.0% 20.0% 18.0% 10.0% 15.0% 15.0% 12.1% 5.0% 1�1 l'i 'ii ■ 10.0% 0.0% 01 02 04 03 01 02 04 03 Quarterly revenue by year is in millions; Gross Margin, Operating Expenses and Operating Income are as a percentage of revenue All numbers reflected other than revenue are on a non-GAAP basis. Please reference Appendix for GAAP to non-GAAP reconciliation
Investor Presentation Page 28 Page 30