| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $203M | $177M | $150M | 14.6% | 35.6% |
| Op. Income | $51M | $46M | $37M | 10.5% | 38.7% |
| Gross Margin | 34.2% | 22.0% | 35.2% | 12.2pp | -1.0pp |
| Net Margin | 25.2% | 26.1% | 24.6% | -0.9pp | 0.6pp |
| EPS (Diluted) | $1.40 | $1.27 | $1.02 | 10.2% | 37.3% |
| Free Cash Flow | $175M | $25M | $518M | 613.4% | -66.1% |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $70M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $7M |
| Operating Expenses | $18M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $51M |
| Interest Income | $194M |
| Interest Expense | $131M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $818.0K |
| EBIT | $51M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $70M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $7M |
| Operating Expenses | $18M |
| Cost & Expenses | $152M |
| OPERATING INCOME | $51M |
| Interest Income | $194M |
| Interest Expense | $131M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $818.0K |
| EBIT | $51M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $818.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $134M |
| OPERATING CASH FLOW | $176M |
| Capital Expenditure | -$314.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$120M |
| Sales/Maturities of Investments | $31M |
| Other Investing Activities | -$235.0K |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | -$443M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $54M |
| NET CASH FROM FINANCING | -$407M |
| FREE CASH FLOW | $175M |
| Net Change in Cash | -$321M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $99M |
| Net Receivables | $133M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $8.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $240M |
| TOTAL NON-CURRENT ASSETS | $8.7B |
| TOTAL ASSETS | $10.7B |
| Account Payables | $103M |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.7B |
| TOTAL CURRENT LIABILITIES | $6.4B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $280M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $280M |
| Additional Paid-In Capital | $120M |
| Retained Earnings | $706M |
| Treasury Stock | -$107M |
| Accum. Other Comp. Income | $238M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $10.7B |
| Total Debt | $4.3B |
| Net Debt | $2.6B |
