| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $287M | $288M | $226M | -0.4% | 27.3% |
| Op. Income | $60M | $67M | $43M | -10.5% | 39.4% |
| Gross Margin | 57.0% | 60.2% | 66.3% | -3.2pp | -9.3pp |
| Net Margin | 17.3% | 19.7% | 15.8% | -2.4pp | 1.5pp |
| EPS (Diluted) | $0.62 | $0.72 | $0.44 | -13.9% | 40.9% |
| Free Cash Flow | $55M | $47M | $61M | 16.5% | -9.8% |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $164M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $67M |
| SG&A Expenses | $69M |
| Other Expenses | $35M |
| Operating Expenses | $104M |
| Cost & Expenses | $227M |
| OPERATING INCOME | $60M |
| Interest Income | $263M |
| Interest Expense | $115M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $10M |
| EBIT | $60M |
| EBITDA | $69M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $164M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $67M |
| SG&A Expenses | $69M |
| Other Expenses | $35M |
| Operating Expenses | $104M |
| Cost & Expenses | $227M |
| OPERATING INCOME | $60M |
| Interest Income | $263M |
| Interest Expense | $115M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $10M |
| EBIT | $60M |
| EBITDA | $69M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$122M |
| Sales/Maturities of Investments | $130M |
| Other Investing Activities | -$221M |
| NET CASH FROM INVESTING | -$215M |
| Net Debt Issuance | -$254M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$24M |
| Other Financing Activities | $458M |
| NET CASH FROM FINANCING | $176M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $394M |
| Short-Term Investments | $2.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $90M |
| Goodwill | $925M |
| Intangible Assets | $17M |
| Long-Term Investments | $16.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $18.8B |
| TOTAL ASSETS | $21.4B |
| Account Payables | $0 |
| Short-Term Debt | $666M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.3B |
| TOTAL CURRENT LIABILITIES | $17.9B |
| Long-Term Debt | $391M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $493M |
| TOTAL NON-CURRENT LIABILITIES | $884M |
| TOTAL LIABILITIES | $18.8B |
| Common Stock | $99M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$374M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $21.4B |
| Total Debt | $1.1B |
| Net Debt | $663M |
