| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $125M | $146M | 0.8% | -13.9% |
| Op. Income | $15M | $16M | $23M | -5.2% | -33.9% |
| Gross Margin | 35.2% | 32.9% | 35.6% | 2.3pp | -0.3pp |
| Net Margin | 8.8% | 12.3% | 12.6% | -3.4pp | -3.7pp |
| EPS (Diluted) | $0.36 | $0.49 | $0.58 | -26.5% | -37.9% |
| Free Cash Flow | $14M | $29M | $7M | -50.0% | 114.8% |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $44M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $110M |
| OPERATING INCOME | $15M |
| Interest Income | $1M |
| Interest Expense | $801.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $7M |
| EBIT | $15M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $44M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $110M |
| OPERATING INCOME | $15M |
| Interest Income | $1M |
| Interest Expense | $801.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $7M |
| EBIT | $15M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$621.0K |
| Other Non-Cash Items | -$468.0K |
| Change in Working Capital | -$265.0K |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $162M |
| Short-Term Investments | $0 |
| Net Receivables | $81M |
| Inventory | $58M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $318M |
| PP&E (Net) | $117M |
| Goodwill | $156M |
| Intangible Assets | $100M |
| Long-Term Investments | $1M |
| Tax Assets | $26M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $415M |
| TOTAL ASSETS | $733M |
| Account Payables | $46M |
| Short-Term Debt | $4M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $68M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $116M |
| TOTAL LIABILITIES | $212M |
| Common Stock | $322M |
| Additional Paid-In Capital | $40M |
| Retained Earnings | $612M |
| Treasury Stock | -$456M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $521M |
| Minority Interest | $0 |
| TOTAL EQUITY | $521M |
| TOTAL LIABILITIES & EQUITY | $733M |
| Total Debt | $96M |
| Net Debt | -$67M |
