| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $556M | $515M | $473M | 7.8% | 17.6% |
| Op. Income | $112M | $112M | $78M | 0.4% | 43.5% |
| Gross Margin | 36.9% | 36.8% | 32.9% | 0.1pp | 4.0pp |
| Net Margin | 12.9% | 14.3% | 9.8% | -1.4pp | 3.1pp |
| EPS (Diluted) | $-1.32 | $0.56 | $0.35 | -335.7% | -477.1% |
| Free Cash Flow | $39M | $69M | $84M | -43.5% | -53.7% |
| Item | Amount |
|---|---|
| REVENUE | $556M |
| Cost of Revenue | $351M |
| GROSS PROFIT | $205M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $4M |
| Operating Expenses | $93M |
| Cost & Expenses | $444M |
| OPERATING INCOME | $112M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $247M |
| BOTTOM LINE NET INCOME | -$175M |
| D&A | $0 |
| EBIT | $112M |
| EBITDA | $112M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| REVENUE | $556M |
| Cost of Revenue | $351M |
| GROSS PROFIT | $205M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $4M |
| Operating Expenses | $93M |
| Cost & Expenses | $444M |
| OPERATING INCOME | $112M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $247M |
| BOTTOM LINE NET INCOME | -$175M |
| D&A | $0 |
| EBIT | $112M |
| EBITDA | $112M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $200.0K |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $0 |
| Net Receivables | $220M |
| Inventory | $286M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $593M |
| PP&E (Net) | $15M |
| Goodwill | $66M |
| Intangible Assets | $142M |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $244M |
| TOTAL ASSETS | $837M |
| Account Payables | $121M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $204M |
| Long-Term Debt | $833M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $400.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $839M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $37M |
| Retained Earnings | $56M |
| Treasury Stock | -$299M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$206M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$206M |
| TOTAL LIABILITIES & EQUITY | $837M |
| Total Debt | $840M |
| Net Debt | $769M |
