| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $312M | $327M | $295M | -4.5% | 5.7% |
| Op. Income | $35M | $50M | $13M | -30.2% | 175.7% |
| Gross Margin | 55.1% | 55.7% | 52.6% | -0.6pp | 2.5pp |
| Net Margin | 6.3% | 10.1% | 0.6% | -3.8pp | 5.7pp |
| EPS (Diluted) | $0.63 | $1.05 | $0.06 | -40.0% | 980.6% |
| Free Cash Flow | $27M | $52M | -$8M | -47.4% | 434.4% |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $172M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $123M |
| Other Expenses | $0 |
| Operating Expenses | $137M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $18M |
| EBIT | $35M |
| EBITDA | $53M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $312M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $172M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $123M |
| Other Expenses | $0 |
| Operating Expenses | $137M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $18M |
| EBIT | $35M |
| EBITDA | $53M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $241M |
| Inventory | $322M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $636M |
| PP&E (Net) | $118M |
| Goodwill | $806M |
| Intangible Assets | $641M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $102M |
| Short-Term Debt | $692.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $189M |
| TOTAL CURRENT LIABILITIES | $291M |
| Long-Term Debt | $990M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $64M |
| Other Non-Current Liabilities | $109M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $313.0K |
| Additional Paid-In Capital | $458M |
| Retained Earnings | $466M |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $855M |
| Minority Interest | $0 |
| TOTAL EQUITY | $855M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $991M |
| Net Debt | $957M |
