| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $874M | $950M | $720M | -8.0% | 21.5% |
| Op. Income | $17M | $39M | $12M | -56.9% | 39.6% |
| Gross Margin | 23.9% | 24.1% | 23.6% | -0.1pp | 0.4pp |
| Net Margin | 0.2% | 1.7% | 0.2% | -1.5pp | 0.0pp |
| EPS (Diluted) | $0.05 | $0.38 | $0.04 | -86.8% | 36.2% |
| Free Cash Flow | $14M | $19M | -$11M | -28.3% | 226.3% |
| Item | Amount |
|---|---|
| REVENUE | $874M |
| Cost of Revenue | $665M |
| GROSS PROFIT | $209M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $190M |
| Other Expenses | $2M |
| Operating Expenses | $193M |
| Cost & Expenses | $858M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $828.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $15M |
| EBIT | $16M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $874M |
| Cost of Revenue | $665M |
| GROSS PROFIT | $209M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $190M |
| Other Expenses | $2M |
| Operating Expenses | $193M |
| Cost & Expenses | $858M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $828.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $15M |
| EBIT | $16M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $334.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$315.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $0 |
| Net Receivables | $336M |
| Inventory | $272M |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $693M |
| PP&E (Net) | $436M |
| Goodwill | $357M |
| Intangible Assets | $179M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $978M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $183M |
| Short-Term Debt | $56M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $360M |
| Long-Term Debt | $667M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $863M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $398.0K |
| Additional Paid-In Capital | $353M |
| Retained Earnings | $102M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $448M |
| Minority Interest | $0 |
| TOTAL EQUITY | $448M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $925M |
| Net Debt | $882M |
