| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $297M | $287M | $290M | 3.6% | 2.6% |
| Op. Income | $33M | $33M | $35M | 1.6% | -5.2% |
| Gross Margin | 45.5% | 46.8% | 48.2% | -1.3pp | -2.7pp |
| Net Margin | 4.3% | 6.5% | 7.0% | -2.3pp | -2.7pp |
| EPS (Diluted) | $0.44 | $0.62 | $0.66 | -29.0% | -33.3% |
| Free Cash Flow | $74M | $18M | $49M | 312.3% | 53.3% |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $135M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $33M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $19M |
| EBIT | $25M |
| EBITDA | $44M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $135M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $33M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $19M |
| EBIT | $25M |
| EBITDA | $44M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $80M |
| 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 | -$17M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $81M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | $124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $0 |
| Net Receivables | $351M |
| Inventory | $0 |
| Other Current Assets | $325M |
| TOTAL CURRENT ASSETS | $862M |
| PP&E (Net) | $100M |
| Goodwill | $309M |
| Intangible Assets | $105M |
| Long-Term Investments | $0 |
| Tax Assets | $58M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $581M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $46M |
| Short-Term Debt | $8M |
| Deferred Revenue | $41M |
| Other Current Liabilities | $364M |
| TOTAL CURRENT LIABILITIES | $561M |
| Long-Term Debt | $535M |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $123.0K |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $609M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $713.0K |
| Additional Paid-In Capital | $491M |
| Retained Earnings | $968M |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $273M |
| Minority Interest | $0 |
| TOTAL EQUITY | $273M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $593M |
| Net Debt | $407M |
