| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227M | $247M | $239M | -8.2% | -5.0% |
| Op. Income | -$2M | $303.0K | -$8M | -623.8% | 79.6% |
| Gross Margin | 11.6% | 12.2% | 10.7% | -0.7pp | 0.9pp |
| Net Margin | -1.5% | -1.9% | -3.1% | 0.3pp | 1.6pp |
| EPS (Diluted) | $-0.07 | $-0.09 | $-0.52 | 27.2% | 86.8% |
| Free Cash Flow | -$3M | -$6M | -$48M | 52.4% | 94.3% |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $26M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $14M |
| SG&A Expenses | $26M |
| Other Expenses | $2M |
| Operating Expenses | $28M |
| Cost & Expenses | $228M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | $54.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $129.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$3M |
| 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 | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $360.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $159M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $261M |
| PP&E (Net) | $17M |
| Goodwill | $89M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $127M |
| TOTAL ASSETS | $389M |
| Account Payables | $155M |
| Short-Term Debt | $126M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50.0K |
| TOTAL CURRENT LIABILITIES | $303M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $82.0K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $310M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $47M |
| Retained Earnings | $32M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$77.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $0 |
| TOTAL EQUITY | $79M |
| TOTAL LIABILITIES & EQUITY | $389M |
| Total Debt | $139M |
| Net Debt | $138M |
