| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $196M | $182M | $159M | 7.6% | 23.4% |
| Op. Income | $37M | $32M | $25M | 14.0% | 46.0% |
| Gross Margin | 39.3% | 39.2% | 39.5% | 0.1pp | -0.2pp |
| Net Margin | 14.8% | 13.6% | 12.2% | 1.3pp | 2.6pp |
| EPS (Diluted) | $0.99 | $0.84 | $0.66 | 17.9% | 50.0% |
| Free Cash Flow | $19M | $36M | $14M | -47.7% | 37.1% |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $77M |
| R&D Expenses | $0 |
| Selling & Marketing | -$12.0K |
| General & Administrative | $41M |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $37M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $8M |
| EBIT | $37M |
| EBITDA | $45M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $77M |
| R&D Expenses | $0 |
| Selling & Marketing | -$12.0K |
| General & Administrative | $41M |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $37M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $8M |
| EBIT | $37M |
| EBITDA | $45M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$25M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $199M |
| Short-Term Investments | $0 |
| Net Receivables | $92M |
| Inventory | $160M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $471M |
| PP&E (Net) | $73M |
| Goodwill | $113M |
| Intangible Assets | $52M |
| Long-Term Investments | $0 |
| Tax Assets | $23M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $273M |
| TOTAL ASSETS | $743M |
| Account Payables | $91M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $135M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $54M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $208M |
| Common Stock | $37M |
| Additional Paid-In Capital | $60M |
| Retained Earnings | $480M |
| Treasury Stock | -$37M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $536M |
| Minority Interest | $0 |
| TOTAL EQUITY | $536M |
| TOTAL LIABILITIES & EQUITY | $743M |
| Total Debt | $0 |
| Net Debt | -$199M |
