| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $295M | $297M | $299M | -0.7% | -1.2% |
| Op. Income | $32M | $33M | $38M | -4.3% | -16.7% |
| Gross Margin | 46.5% | 45.5% | 48.1% | 1.0pp | -1.6pp |
| Net Margin | 6.6% | 4.3% | 7.0% | 2.3pp | -0.4pp |
| EPS (Diluted) | $0.68 | $0.44 | $0.68 | 54.5% | 0.0% |
| Free Cash Flow | -$34M | $74M | $7M | -145.8% | -609.6% |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $137M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $8M |
| Operating Expenses | $105M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $32M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $17M |
| EBIT | $35M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $137M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $8M |
| Operating Expenses | $105M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $32M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $17M |
| EBIT | $35M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$352.0K |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | -$29M |
| 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 | -$2M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$83M |
| NET CASH FROM FINANCING | -$111M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$147M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $0 |
| Net Receivables | $362M |
| Inventory | $0 |
| Other Current Assets | $251M |
| TOTAL CURRENT ASSETS | $734M |
| PP&E (Net) | $92M |
| Goodwill | $307M |
| Intangible Assets | $101M |
| Long-Term Investments | $101M |
| Tax Assets | $50M |
| Other Non-Current Assets | -$92M |
| TOTAL NON-CURRENT ASSETS | $559M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $44M |
| Short-Term Debt | $8M |
| Deferred Revenue | $56M |
| Other Current Liabilities | $252M |
| TOTAL CURRENT LIABILITIES | $421M |
| Long-Term Debt | $534M |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $124.0K |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $602M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $717.0K |
| Additional Paid-In Capital | $491M |
| Retained Earnings | $979M |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $269M |
| Minority Interest | $0 |
| TOTAL EQUITY | $269M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $588M |
| Net Debt | $467M |
