| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $266M | $254M | $254M | 4.5% | 4.6% |
| Op. Income | $25M | $27M | $27M | -5.3% | -7.3% |
| Gross Margin | 32.7% | 36.9% | 35.9% | -4.2pp | -3.2pp |
| Net Margin | 4.4% | 3.8% | 5.5% | 0.6pp | -1.0pp |
| EPS (Diluted) | $0.41 | $0.34 | $0.48 | 20.6% | -14.6% |
| Free Cash Flow | $30M | $23M | $64M | 30.2% | -52.6% |
| Item | Amount |
|---|---|
| REVENUE | $266M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $87M |
| R&D Expenses | $7M |
| Selling & Marketing | $27M |
| General & Administrative | $27M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $240M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $12M |
| EBIT | $27M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $266M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $87M |
| R&D Expenses | $7M |
| Selling & Marketing | $27M |
| General & Administrative | $27M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $240M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $12M |
| EBIT | $27M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $0 |
| Net Receivables | $174M |
| Inventory | $186M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $514M |
| PP&E (Net) | $172M |
| Goodwill | $710M |
| Intangible Assets | $386M |
| Long-Term Investments | $11M |
| Tax Assets | $2M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $83M |
| Short-Term Debt | $50M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $262M |
| Long-Term Debt | $467M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $101M |
| TOTAL NON-CURRENT LIABILITIES | $682M |
| TOTAL LIABILITIES | $944M |
| Common Stock | $288.0K |
| Additional Paid-In Capital | $527M |
| Retained Earnings | $395M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $882M |
| Minority Interest | $0 |
| TOTAL EQUITY | $882M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $600M |
| Net Debt | $485M |
