| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $149M | $120M | -23.1% | -4.4% |
| Op. Income | $15M | $26M | $19M | -43.3% | -24.2% |
| Gross Margin | 54.2% | 56.4% | 54.1% | -2.2pp | 0.1pp |
| Net Margin | 10.0% | 14.9% | 12.2% | -4.9pp | -2.2pp |
| EPS (Diluted) | $0.82 | $1.57 | $0.98 | -47.8% | -16.3% |
| Free Cash Flow | $8M | $24M | $16M | -67.5% | -49.5% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $100M |
| OPERATING INCOME | $15M |
| Interest Income | $426.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $426.0K |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $4M |
| EBIT | $15M |
| EBITDA | $19M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $100M |
| OPERATING INCOME | $15M |
| Interest Income | $426.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $426.0K |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $4M |
| EBIT | $15M |
| EBITDA | $19M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $412.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $61.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $64M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $124M |
| PP&E (Net) | $127M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $141M |
| TOTAL ASSETS | $265M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $139.0K |
| Additional Paid-In Capital | $64M |
| Retained Earnings | $76M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $128M |
| Minority Interest | $0 |
| TOTAL EQUITY | $128M |
| TOTAL LIABILITIES & EQUITY | $265M |
| Total Debt | $81M |
| Net Debt | $43M |
