| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $327M | $305M | $251M | 7.4% | 30.4% |
| Op. Income | $50M | $30M | -$1M | 65.6% | 4683.3% |
| Gross Margin | 55.7% | 55.2% | 52.6% | 0.5pp | 3.1pp |
| Net Margin | 10.1% | 5.2% | 10.6% | 4.9pp | -0.5pp |
| EPS (Diluted) | $1.05 | $0.50 | $0.86 | 110.0% | 22.1% |
| Free Cash Flow | $52M | $41M | -$17M | 26.5% | 398.4% |
| Item | Amount |
|---|---|
| REVENUE | $327M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $182M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $132M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $18M |
| EBIT | $50M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $327M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $182M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $118M |
| Other Expenses | $0 |
| Operating Expenses | $132M |
| Cost & Expenses | $277M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $18M |
| EBIT | $50M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$59M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $242M |
| Inventory | $318M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $616M |
| PP&E (Net) | $121M |
| Goodwill | $807M |
| Intangible Assets | $649M |
| Long-Term Investments | $0 |
| Tax Assets | $11M |
| Other Non-Current Assets | $96M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $88M |
| Short-Term Debt | $708.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $222M |
| TOTAL CURRENT LIABILITIES | $311M |
| Long-Term Debt | $973M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $121M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $313.0K |
| Additional Paid-In Capital | $447M |
| Retained Earnings | $453M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $834M |
| Minority Interest | $0 |
| TOTAL EQUITY | $834M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $974M |
| Net Debt | $950M |
