| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $354M | $438M | $291M | -19.1% | 21.9% |
| Op. Income | $42M | $29M | $17M | 41.7% | 149.8% |
| Gross Margin | 61.0% | 65.4% | 61.7% | -4.4pp | -0.7pp |
| Net Margin | -2.4% | -7.6% | -3.7% | 5.2pp | 1.3pp |
| EPS (Diluted) | $-0.04 | $-0.18 | $0.39 | 74.6% | -111.5% |
| Free Cash Flow | -$75M | $112M | -$92M | -166.9% | 19.0% |
| Item | Amount |
|---|---|
| REVENUE | $354M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $79M |
| General & Administrative | $61M |
| SG&A Expenses | $140M |
| Other Expenses | $35M |
| Operating Expenses | $175M |
| Cost & Expenses | $313M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | -$561.2K |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $27M |
| EBIT | $42M |
| EBITDA | $69M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$121M |
| OPERATING CASH FLOW | -$53M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$623M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$140M |
| FREE CASH FLOW | -$75M |
| Net Change in Cash | -$205M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $198M |
| Short-Term Investments | $0 |
| Net Receivables | $105M |
| Inventory | $753M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $519M |
| Goodwill | $1.8B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $122M |
| Short-Term Debt | $27M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $373M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $128M |
| Other Non-Current Liabilities | $400M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $256M |
| Treasury Stock | -$402M |
| Accum. Other Comp. Income | $73M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $1.7B |
| Net Debt | $1.5B |
