| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $303M | $236M | 4.9% | 34.8% |
| Op. Income | $38M | $29M | -$9M | 30.1% | 504.9% |
| Gross Margin | 20.0% | 16.5% | 3.2% | 3.5pp | 16.8pp |
| Net Margin | 8.2% | 6.1% | -4.8% | 2.1pp | 13.0pp |
| EPS (Diluted) | $0.81 | $0.58 | $-0.35 | 39.7% | 331.4% |
| Free Cash Flow | -$3M | $34M | $19M | -108.0% | -114.3% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $254M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $280M |
| OPERATING INCOME | $38M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $4M |
| EBIT | $36M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $254M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $280M |
| OPERATING INCOME | $38M |
| Interest Income | $1M |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $4M |
| EBIT | $36M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | $217.0K |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$301.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $995.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $142M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $243M |
| PP&E (Net) | $96M |
| Goodwill | $19M |
| Intangible Assets | $45M |
| Long-Term Investments | $24M |
| Tax Assets | $1M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $188M |
| TOTAL ASSETS | $431M |
| Account Payables | $114M |
| Short-Term Debt | $5M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $188M |
| Long-Term Debt | $130M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $168M |
| TOTAL LIABILITIES | $356M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $187M |
| Retained Earnings | -$30M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | $0 |
| TOTAL EQUITY | $76M |
| TOTAL LIABILITIES & EQUITY | $431M |
| Total Debt | $136M |
| Net Debt | $59M |
