| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $273M | $249M | $256M | 9.6% | 6.3% |
| Op. Income | $0 | $0 | $43M | — | -100.0% |
| Gross Margin | 39.7% | 40.8% | 39.8% | -1.1pp | -0.1pp |
| Net Margin | 11.7% | 11.2% | 12.1% | 0.5pp | -0.4pp |
| EPS (Diluted) | $1.24 | $1.08 | $1.19 | 14.8% | 4.2% |
| Free Cash Flow | $39M | $25M | $84M | 59.0% | -53.3% |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $164M |
| GROSS PROFIT | $108M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $57M |
| Other Expenses | $52M |
| Operating Expenses | $108M |
| Cost & Expenses | $273M |
| OPERATING INCOME | $0 |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $13M |
| EBIT | $44M |
| EBITDA | $56M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$46M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $0 |
| Net Receivables | $337M |
| Inventory | $184M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $581M |
| PP&E (Net) | $195M |
| Goodwill | $503M |
| Intangible Assets | $392M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $87M |
| Short-Term Debt | $20M |
| Deferred Revenue | $112M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $315M |
| Long-Term Debt | $82M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $76M |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $237M |
| TOTAL LIABILITIES | $552M |
| Common Stock | $308.0K |
| Additional Paid-In Capital | $305M |
| Retained Earnings | $989M |
| Treasury Stock | -$139M |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $139M |
| Net Debt | $97M |
