| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $135M | $172M | $125M | -21.5% | 8.2% |
| Op. Income | $6M | $12M | $3M | -49.6% | 86.6% |
| Gross Margin | 31.4% | 31.7% | 30.9% | -0.3pp | 0.5pp |
| Net Margin | 1.1% | 4.1% | 1.5% | -2.9pp | -0.4pp |
| EPS (Diluted) | $0.06 | $0.24 | $0.07 | -75.0% | -9.1% |
| Free Cash Flow | -$40M | $84M | -$44M | -147.4% | 9.9% |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $42M |
| R&D Expenses | $6M |
| Selling & Marketing | $13M |
| General & Administrative | $14M |
| SG&A Expenses | $27M |
| Other Expenses | $3M |
| Operating Expenses | $36M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $5M |
| EBIT | $7M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $42M |
| R&D Expenses | $6M |
| Selling & Marketing | $13M |
| General & Administrative | $14M |
| SG&A Expenses | $27M |
| Other Expenses | $3M |
| Operating Expenses | $36M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $5M |
| EBIT | $7M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$990.0K |
| Other Non-Cash Items | -$127.0K |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $42M |
| Common Stock Repurchased | -$14.0K |
| Common Dividends Paid | -$834.0K |
| Other Financing Activities | $430.0K |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $197M |
| Inventory | $228M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $447M |
| PP&E (Net) | $99M |
| Goodwill | $50M |
| Intangible Assets | $169M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $335M |
| TOTAL ASSETS | $782M |
| Account Payables | $65M |
| Short-Term Debt | $0 |
| Deferred Revenue | $29M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $195M |
| Long-Term Debt | $187M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $215M |
| TOTAL LIABILITIES | $410M |
| Common Stock | $3M |
| Additional Paid-In Capital | $113M |
| Retained Earnings | $334M |
| Treasury Stock | -$71M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $372M |
| Minority Interest | $0 |
| TOTAL EQUITY | $372M |
| TOTAL LIABILITIES & EQUITY | $782M |
| Total Debt | $211M |
| Net Debt | $197M |
