| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $193M | $141M | — | 36.5% | — |
| Op. Income | $40M | $49M | — | -19.5% | — |
| Gross Margin | 35.7% | 44.6% | — | -8.9pp | — |
| Net Margin | 13.9% | 25.3% | — | -11.4pp | — |
| EPS (Diluted) | $0.24 | $0.36 | — | -33.3% | — |
| Free Cash Flow | -$56M | -$34M | — | -63.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $193M |
| Cost of Revenue | $124M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | $1M |
| Operating Expenses | $29M |
| Cost & Expenses | $153M |
| OPERATING INCOME | $40M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $19M |
| EBIT | $40M |
| EBITDA | $59M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $193M |
| Cost of Revenue | $124M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | $1M |
| Operating Expenses | $29M |
| Cost & Expenses | $153M |
| OPERATING INCOME | $40M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $19M |
| EBIT | $40M |
| EBITDA | $59M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $480.0K |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$95M |
| Acquisitions (Net) | -$142M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$238M |
| Net Debt Issuance | $197M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$730.0K |
| NET CASH FROM FINANCING | $175M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $187M |
| Short-Term Investments | $0 |
| Net Receivables | $186M |
| Inventory | $35M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $425M |
| PP&E (Net) | $1.3B |
| Goodwill | $91M |
| Intangible Assets | $112M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $102M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $190M |
| Long-Term Debt | $457M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $199M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $685M |
| TOTAL LIABILITIES | $875M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $481M |
| Net Debt | $294M |
