| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $277M | $282M | $276M | -1.6% | 0.6% |
| Op. Income | $47M | $32M | $89M | 50.5% | -46.6% |
| Gross Margin | 67.0% | 64.5% | 68.5% | 2.5pp | -1.4pp |
| Net Margin | 7.2% | 2.1% | 12.8% | 5.1pp | -5.5pp |
| EPS (Diluted) | $0.35 | $0.10 | $0.62 | 250.0% | -43.5% |
| Free Cash Flow | -$16M | $20M | $56M | -177.5% | -128.4% |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $186M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $28M |
| Operating Expenses | $139M |
| Cost & Expenses | $230M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $14M |
| 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 | $9M |
| EBIT | $42M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $277M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $186M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $28M |
| Operating Expenses | $139M |
| Cost & Expenses | $230M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $14M |
| 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 | $9M |
| EBIT | $42M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $299M |
| Short-Term Investments | $0 |
| Net Receivables | $97M |
| Inventory | $149M |
| Other Current Assets | $110M |
| TOTAL CURRENT ASSETS | $720M |
| PP&E (Net) | $301M |
| Goodwill | $16M |
| Intangible Assets | $9M |
| Long-Term Investments | -$173M |
| Tax Assets | $173M |
| Other Non-Current Assets | $173M |
| TOTAL NON-CURRENT ASSETS | $498M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $42M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $327M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $33M |
| Retained Earnings | -$530M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$298M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$794M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$794M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
