| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $262M | $382M | $283M | -31.4% | -7.2% |
| Op. Income | $42M | $97M | $54M | -56.1% | -21.1% |
| Gross Margin | 46.0% | 52.4% | 47.1% | -6.4pp | -1.1pp |
| Net Margin | 13.3% | 20.8% | 15.2% | -7.5pp | -1.9pp |
| EPS (Diluted) | $0.69 | $1.59 | $0.86 | -56.6% | -19.8% |
| Free Cash Flow | $19M | $100M | $24M | -80.9% | -20.5% |
| Item | Amount |
|---|---|
| REVENUE | $262M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $121M |
| R&D Expenses | $0 |
| Selling & Marketing | $64M |
| General & Administrative | $15M |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $220M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $5M |
| EBIT | $46M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $262M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $121M |
| R&D Expenses | $0 |
| Selling & Marketing | $64M |
| General & Administrative | $15M |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $220M |
| OPERATING INCOME | $42M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $5M |
| EBIT | $46M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | -$36M |
| Deferred Income Tax | -$846.0K |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | -$786.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $267M |
| Short-Term Investments | $23M |
| Net Receivables | $6M |
| Inventory | $131M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $447M |
| PP&E (Net) | $421M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $27M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $459M |
| TOTAL ASSETS | $906M |
| Account Payables | $55M |
| Short-Term Debt | $84M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$46M |
| TOTAL CURRENT LIABILITIES | $205M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $267M |
| TOTAL LIABILITIES | $472M |
| Common Stock | $508.0K |
| Additional Paid-In Capital | $196M |
| Retained Earnings | $237M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $434M |
| Minority Interest | $0 |
| TOTAL EQUITY | $434M |
| TOTAL LIABILITIES & EQUITY | $906M |
| Total Debt | $324M |
| Net Debt | $56M |
