| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $240M | $266M | $235M | -9.7% | 1.8% |
| Op. Income | $21M | $25M | $21M | -17.0% | -1.4% |
| Gross Margin | 37.1% | 32.7% | 36.8% | 4.4pp | 0.3pp |
| Net Margin | 3.6% | 4.4% | 3.9% | -0.8pp | -0.3pp |
| EPS (Diluted) | $0.30 | $0.41 | $0.32 | -26.8% | -6.3% |
| Free Cash Flow | -$15M | $30M | -$23M | -151.1% | 31.7% |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $89M |
| R&D Expenses | $6M |
| Selling & Marketing | $28M |
| General & Administrative | $26M |
| SG&A Expenses | $54M |
| Other Expenses | $8M |
| Operating Expenses | $68M |
| Cost & Expenses | $219M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $12M |
| EBIT | $20M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $89M |
| R&D Expenses | $6M |
| Selling & Marketing | $28M |
| General & Administrative | $26M |
| SG&A Expenses | $54M |
| Other Expenses | $8M |
| Operating Expenses | $68M |
| Cost & Expenses | $219M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $12M |
| EBIT | $20M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $942.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$912.0K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $171M |
| Inventory | $201M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $478M |
| PP&E (Net) | $175M |
| Goodwill | $709M |
| Intangible Assets | $378M |
| Long-Term Investments | $15M |
| Tax Assets | $2M |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $73M |
| Short-Term Debt | $51M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $232M |
| Long-Term Debt | $449M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $138M |
| TOTAL NON-CURRENT LIABILITIES | $664M |
| TOTAL LIABILITIES | $896M |
| Common Stock | $289.0K |
| Additional Paid-In Capital | $527M |
| Retained Earnings | $404M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $886M |
| Minority Interest | $0 |
| TOTAL EQUITY | $886M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $584M |
| Net Debt | $515M |
